Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.029%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.029%, 7d avg −0.005%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.035% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AERO_USDT	0.6872	0.0100	pay 0.0050% / 4h	1h 45m	$8.4M	$1.4M	100x
Short	BingX AERO-USDT	0.6874	0.0100	get 0.0050% / 4h	1h 45m	—	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.005%: $3.46
Slippage, 4 orders: −$30.51
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$45.05
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 2 min ago.

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 MEXC live order book, 3 min ago	0.73 bp	11.5 bp −$11	24.4 bp −$244	119.0 bp −$11.9K	doesn't fit
Sell BingX live order book, 2 min ago	2.18 bp	14.1 bp −$14	20.6 bp −$206	184.4 bp −$18.4K	714.5 bp −$357.3K

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	0.6872	0.000%	$89K	$37K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.437%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6873	+0.014%	$42K	$125K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6878	+0.091%	$26.0M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6873	+0.015%	$22.5M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6877	+0.073%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6868	−0.058%	$1.6M	$471K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.6872	long leg	$8.4M	$1.4M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6863	−0.131%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6874	+0.029%	$4.0M	$1.8M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDTshort	+0.0100%	4h	0.6874	+0.029%	—	$1.8M	—
Variational Omni AERO	+0.0100%	4h	0.6855	−0.243%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6873	+0.021%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6873	+0.019%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6874	+0.028%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6860	−0.175%	$938K	$594K	25x	as long as short
Hyperliquid AERO	+0.0358%	1h	0.6880	+0.122%	$22.7M	$5.3M	3x	as long as short
01 Exchange AEROUSD	+0.0456%	1h	0.6866	−0.081%	$186	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6862	−0.151%	$198K	$522K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0246%	1h	0.6873	+0.012%	$88K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0704%	1h	0.6868	−0.063%	$94K	$260K	15x	as long as short
Lighter AERO	+0.1000%	1h	0.6889	+0.246%	$1.3M	$499K	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.1061%	1h	0.6875	+0.044%	$55K	$11K	10x	as long as short