Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.038%

Price spread now: GMX against MEXC−0.074%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

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

Funding pays, the price is against you. GMX is 0.074% cheaper against MEXC than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 40 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AERO_USDT	0.6896	0.0100	pay 0.0050% / 4h	1h 17m	$8.4M	$1.4M	100x
Short	GMX AERO/USD [ETH-USDC]	0.6891	L +0.0507% / S −0.0246%	get 0.0031% / 1h	17m 14s	$88K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $30.66
Price spread: −0.074% → 0.000%: −$7.35
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $3.31
Costs to cover: 0.200%
Break-even: 6.2 days

Slippage unknown: MEXC: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	1.45 bp	10.9 bp −$11	20.0 bp −$200	119.0 bp −$11.9K	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AERO-PERP-INTX	−0.1896%	1h	0.6908	+0.174%	$89K	$37K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.087%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6894	−0.029%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6901	+0.073%	$42K	$128K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6896	−0.005%	$25.9M	$25.4M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6894	−0.029%	$22.5M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6898	+0.029%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6895	−0.015%	$1.6M	$477K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.6896	long leg	$8.4M	$1.4M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6900	+0.058%	$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	0.6895	−0.015%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6896	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6885	−0.155%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6893	−0.042%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6895	−0.022%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6895	−0.016%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0234%	1h	0.6897	+0.012%	$22.7M	$5.3M	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6897	+0.015%	$935K	$583K	25x	as long as short
01 Exchange AEROUSD	+0.0400%	1h	0.6905	+0.126%	$187	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6898	+0.032%	$202K	$528K	3x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0507% / S −0.0246%	1h	0.6891	−0.074%	$88K	—	100x
Backpack AERO_USDC_PERP	+0.0694%	1h	0.6900	+0.055%	$94K	$260K	15x	as long as short
Lighter AERO	+0.0840%	1h	0.6906	+0.141%	$1.3M	$499K	3x	as long as short