Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0417%/8h= −45.7% APRpaid last 24h −0.114%

Price spread now: MEXC against GMX+0.089%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 MEXC

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. MEXC is 0.089% dearer against GMX than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AERO/USD [ETH-USDC]	0.6879	L +0.0517% / S −0.0255%	pay 0.0065% / 1h	15m 18s	$90K	—	100x
Short	MEXC AERO_USDT	0.6885	0.0100	get 0.0050% / 4h	1h 15m	$8.4M	$1.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$87.64
Price spread: +0.089% → 0.000%: $8.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$98.71
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.45 bp	13.3 bp −$13	33.3 bp −$333	131.5 bp −$13.1K	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
Coinbase International AERO-PERP-INTX	−0.1896%	1h	0.6895	+0.235%	$89K	$37K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.336%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0041%	1h	0.6884	+0.075%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6893	+0.200%	$42K	$128K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6886	+0.104%	$25.9M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6887	+0.118%	$22.5M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6888	+0.133%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6888	+0.133%	$1.6M	$477K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6885	+0.089%	$8.4M	$1.4M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6891	+0.176%	$2.0M	$1.1M	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	0.6886	+0.104%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6890	+0.162%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6889	+0.152%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6884	+0.075%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6886	+0.097%	$46K	—	3x	as long as short
Hyperliquid AERO	+0.0215%	1h	0.6888	+0.136%	$22.7M	$5.3M	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6884	+0.072%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6889	+0.147%	$934K	$582K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6890	+0.160%	$187	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6884	+0.072%	$201K	$525K	3x	as long as short
GMX AERO/USD [ETH-USDC]long	L +0.0517% / S −0.0255%	1h	0.6879	long leg	$90K	—	100x
Backpack AERO_USDC_PERP	+0.0693%	1h	0.6893	+0.210%	$94K	$260K	15x	as long as short
Lighter AERO	+0.0840%	1h	0.6898	+0.277%	$1.3M	$499K	3x	as long as short