Settings8H · net · $10k
Funding arb · Price arb /

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h −0.121%
Price spread now: BingX against GMX+0.051%60s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. BingX is 0.051% dearer against GMX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX AERO/USD [ETH-USDC]0.6889L +0.0502% / S −0.0223%pay 0.0063% / 1h7m 25s$92K100x
ShortBingX AERO-USDT0.68930.0100get 0.0050% / 4h1h 07m$1.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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

Funding earned
−$84.46
Price spread: +0.051% → 0.000%
$5.12
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$101.34
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell BingX live order book, 5 min ago2.18 bp17.0 bp −$1727.8 bp −$278228.3 bp −$22.8K753.3 bp −$376.7K
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AERO_USDC-PERPETUAL0.0000%1h0.6890+0.008%$55K$11K10xas long as short
Hyperliquid AERO+0.0100%1h0.6899+0.141%$23.2M$5.3M3xas long as short
Aster AEROUSDT+0.0100%4h0.6892+0.032%$39K$109K10xas long as short
Binance AEROUSDT+0.0100%4h0.6892+0.030%$25.5M$25.3M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6891+0.022%$22.0M$20.4M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6897+0.109%$2.3M$6.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6888−0.021%$1.6M$533K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6892+0.037%$8.2M$1.7M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6890+0.008%$2.1M$904K50xas long as short
Bitget AEROUSDT+0.0100%4h0.6887−0.036%$4.1M$2.1M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDTshort+0.0100%4h0.6893+0.051%$1.8M
Variational Omni AERO+0.0100%4h0.6892+0.038%$2.0M$1.7Mas long as short
Extended AERO-USD+0.0104%1h0.6891+0.016%$202K$1.3M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6888−0.019%$46K3xas long as short
Injective AERO/USDC PERP+0.0175%1h0.6902+0.182%$4$209K5.5xas long as short
01 Exchange AEROUSD+0.0224%1h0.6898+0.124%$187$1153xas long as short
Reya AERORUSDPERP+0.0228%1h0.6897+0.103%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6892+0.037%$912K$694K25xas long as short
GMX AERO/USD [ETH-USDC]longL +0.0502% / S −0.0223%1h0.6889long leg$92K100x
Backpack AERO_USDC_PERP+0.0528%1h0.6898+0.127%$102K$314K15xas long as short
RISEx AERO/USDC+0.0676%1h0.6895+0.076%$211K$366K3xas long as short
Coinbase International AERO-PERP-INTX+0.0736%1h0.6904+0.211%$92K$32K25xas long as short
Lighter AERO+0.0880%1h0.6906+0.234%$1.3M$464K3xas long as short