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

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h −0.127%
Price spread now: Bybit against GMX0.000%7-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 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX AERO/USD [ETH-USDC]0.6903L +0.0519% / S −0.0255%pay 0.0065% / 1h32m 10s$90K100x
ShortBybit AEROUSDT0.69030.0100get 0.0050% / 4h3h 32m$22.6M$18.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$88.07
Price spread: 0.000% → 0.000%
$0.04
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$111.03
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago0.72 bp11.9 bp −$1228.9 bp −$289doesn't fitdoesn't fit
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
Coinbase International AERO-PERP-INTX−0.0280%1h0.6919+0.232%$88K$39K25xas long as short
Injective AERO/USDC PERP+0.0033%1h0.6902−0.014%$4$209K5.5xas long as short
Aster AEROUSDT+0.0100%4h0.6910+0.096%$42K$127K10xas long as short
Binance AEROUSDT+0.0100%4h0.6906+0.041%$26.0M$25.0M75xas long as short
Bybit AEROUSDTshort+0.0100%4h0.69030.000%$22.6M$18.0M25x
OKX AERO-USDT-SWAP+0.0100%4h0.6911+0.116%$2.3M$5.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6907+0.058%$1.6M$467K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6906+0.044%$8.4M$1.4M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6911+0.116%$2.0M$1.1M50xas long as short
Bitget AEROUSDT+0.0100%4h0.6905+0.029%$4.1M$1.9M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.6909+0.087%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6936+0.476%$2.0M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6906+0.043%$210K$1.4M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6930+0.397%$47K3xas long as short
Deribit AERO_USDC-PERPETUAL+0.0185%1h0.6907+0.058%$55K$11K10xas long as short
Reya AERORUSDPERP+0.0228%1h0.6907+0.056%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6914+0.160%$945K$565K25xas long as short
RISEx AERO/USDC+0.0503%1h0.6909+0.095%$210K$565K3xas long as short
GMX AERO/USD [ETH-USDC]longL +0.0519% / S −0.0255%1h0.6903long leg$90K100x
01 Exchange AEROUSD+0.0768%1h0.6917+0.210%$187$1013xas long as short
Backpack AERO_USDC_PERP+0.0826%1h0.6920+0.245%$94K$262K15xas long as short
Hyperliquid AERO+0.0889%1h0.6921+0.254%$22.8M$5.4M3xas long as short
Lighter AERO+0.1504%1h0.6921+0.260%$1.3M$386K3xas long as short