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

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.039%
Price spread now: GMX against KuCoin+0.189%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.189% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AEROUSDTM0.67880.0100pay 0.0050% / 4h2h 25m$2.0M$1.1M50x
ShortGMX AERO/USD [ETH-USDC]0.6801L +0.0504% / S −0.0237%get 0.0030% / 1h25m 01s$89K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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
$28.72
Price spread: +0.189% → 0.000%
$18.92
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$23.64
Costs to cover
0.240%
Break-even
1.2 days
Slippage unknown: KuCoin: live order book, 1 min ago; GMX: no order-book sample. 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 KuCoin live order book, 1 min ago3.68 bp48.5 bp −$48373.6 bp −$3,736doesn't fitdoesn't fit
Sell GMX no order-book sample
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
Injective AERO/USDC PERP+0.0033%1h0.6902+1.679%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUAL+0.0044%1h0.6802+0.206%$54K$11K10xas long as short
Hyperliquid AERO+0.0100%1h0.6797+0.131%$22.5M$5.3M3xas long as short
Aster AEROUSDT+0.0100%4h0.6798+0.147%$40K$124K10xas long as short
Binance AEROUSDT+0.0100%4h0.6797+0.133%$25.7M$25.1M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6793+0.074%$22.1M$18.1M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6798+0.147%$2.2M$5.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6790+0.029%$1.6M$474K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6800+0.177%$8.3M$1.6M100xas long as short
KuCoin AEROUSDTMlong+0.0100%4h0.6788long leg$2.0M$1.1M50x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6793+0.074%$4.0M$1.8M75xas long as short
BingX AERO-USDT+0.0100%4h0.6795+0.103%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6785−0.039%$1.9M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6799+0.167%$200K$1.4M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6801+0.190%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6802+0.213%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6789+0.015%$927K$590K25xas long as short
01 Exchange AEROUSD+0.0352%1h0.6809+0.315%$185$1013xas long as short
Backpack AERO_USDC_PERP+0.0380%1h0.6800+0.183%$93K$260K15xas long as short
RISEx AERO/USDC+0.0382%1h0.6805+0.248%$196K$489K3xas long as short
Lighter AERO+0.0416%1h0.6810+0.324%$1.3M$507K3xas long as short
GMX AERO/USD [ETH-USDC]shortL +0.0504% / S −0.0237%1h0.6801+0.189%$89K100x
Coinbase International AERO-PERP-INTX+0.1984%1h0.6796+0.118%$88K$34K25xas long as short