Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX−0.188%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.268%+$27 · spread now −0.188%, 7d avg −0.025%

Together, before fees+0.222%+$22 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: Gate is 0.163% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AERO-USDT-SWAP	0.6918	0.0100	pay 0.0050% / 4h	2h 44m	$2.3M	$6.7M	20x
Short	Gate AERO_USDT	0.6905	0.0100	get 0.0050% / 4h	2h 44m	$1.6M	$495K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → −0.025%: −$16.3
Slippage, 4 orders: −$59.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$100.61
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 3 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 OKX live order book, 3 min ago	0.72 bp	13.5 bp −$14	42.9 bp −$429	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.34 bp	23.8 bp −$24	208.5 bp −$2,085	doesn't fit	doesn't fit

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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6906	−0.173%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.231%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6915	−0.043%	$23.3M	$5.0M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6909	−0.123%	$41K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6912	−0.082%	$26.2M	$25.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6915	−0.043%	$22.5M	$19.6M	25x	as long as short
OKX AERO-USDT-SWAPlong	+0.0100%	4h	0.6918	long leg	$2.3M	$6.7M	20x
Gate AERO_USDTshort	+0.0100%	4h	0.6905	−0.188%	$1.6M	$495K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6912	−0.087%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6915	−0.043%	$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	0.6914	−0.058%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6909	−0.130%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6913	−0.066%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6911	−0.098%	$219K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6905	−0.181%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6914	−0.062%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6934	+0.231%	$949K	$686K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6918	−0.004%	$187	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6905	−0.194%	$90K	—	100x	as long as short
Lighter AERO	+0.0648%	1h	0.6924	+0.091%	$1.3M	$473K	3x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6914	−0.053%	$208K	$400K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1144%	1h	0.6918	+0.006%	$133K	$270K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7381	+6.693%	$97K	$38K	25x	as long as short