Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0406%/8h= −44.4% APRpaid last 24h −0.118%

Price spread now: Gate against GMX+0.053%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Gate

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.053% dearer against GMX than usual: you sell high and buy low (spread +0.053% 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 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AERO/USD [ETH-USDC]	0.6910	L +0.0506% / S −0.0237%	pay 0.0063% / 1h	45m 56s	$90K	—	100x
Short	Gate AERO_USDT	0.6914	0.0100	get 0.0050% / 4h	2h 45m	$1.6M	$495K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee GMXbpFee GatebpOrdersPrice spread, now +0.053%Rate

Funding earned: −$85.22
Price spread: +0.053% → 0.000%: $5.34
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$106.88
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	4.34 bp	23.8 bp −$24	208.5 bp −$2,085	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.120%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0039%	1h	0.6912	+0.024%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6915	+0.068%	$23.3M	$5.0M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6913	+0.045%	$41K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6910	−0.011%	$26.2M	$25.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6908	−0.033%	$22.5M	$19.6M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6910	−0.004%	$2.3M	$6.7M	20x	as long as short
Gate AERO_USDTshort	+0.0100%	4h	0.6914	+0.053%	$1.6M	$495K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6910	−0.004%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6920	+0.140%	$2.1M	$929K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6913	+0.039%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6912	+0.024%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6913	+0.045%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6904	−0.095%	$219K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6910	−0.003%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6912	+0.031%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6934	+0.343%	$949K	$686K	25x	as long as short
01 Exchange AEROUSD	+0.0424%	1h	0.6921	+0.158%	$188	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]long	L +0.0506% / S −0.0237%	1h	0.6910	long leg	$90K	—	100x
Lighter AERO	+0.0656%	1h	0.6926	+0.233%	$1.3M	$473K	3x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6918	+0.105%	$208K	$401K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1149%	1h	0.6921	+0.152%	$135K	$268K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7385	+6.869%	$97K	$38K	25x	as long as short