Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.073%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.073%, 7d avg +0.025%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.6891	0.0100	pay 0.0050% / 4h	1h 55m	$1.6M	$478K	75x
Short	OKX AERO-USDT-SWAP	0.6886	0.0100	get 0.0050% / 4h	1h 55m	$2.3M	$6.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.025%: −$9.74
Slippage, 4 orders: −$61.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.75
Costs to cover: 0.860%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	4.36 bp	22.9 bp −$23	238.9 bp −$2,389	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.45 bp	16.0 bp −$16	39.7 bp −$397	doesn't fit	doesn't fit

AERO on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.160%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6903	+0.174%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6892	+0.014%	$40K	$115K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6885	−0.086%	$26.1M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6889	−0.029%	$22.4M	$19.0M	25x	as long as short
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6886	−0.073%	$2.3M	$6.6M	20x
Gate AERO_USDTlong	+0.0100%	4h	0.6891	long leg	$1.6M	$478K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6884	−0.102%	$8.2M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6903	+0.174%	$2.1M	$939K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6884	−0.102%	$4.0M	$1.9M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6888	−0.044%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6907	+0.237%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6882	−0.133%	$206K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6900	+0.133%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6907	+0.237%	$19K	$4K	15x	as long as short
01 Exchange AEROUSD	+0.0496%	1h	0.6890	−0.016%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6903	+0.177%	$90K	—	100x	as long as short
Hyperliquid AERO	+0.0506%	1h	0.6896	+0.071%	$23.2M	$5.4M	3x	as long as short
RISEx AERO/USDC	+0.0540%	1h	0.6886	−0.071%	$214K	$405K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1159%	1h	0.6904	+0.192%	$118K	$282K	15x	as long as short
Lighter AERO	+0.1256%	1h	0.6904	+0.186%	$1.3M	$491K	3x	as long as short
Coinbase International AERO-PERP-INTX	+1.0840%	1h	0.6912	+0.305%	$90K	$36K	25x	as long as short