Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0259%/8h= +28.3% APRnext payment +$0.32 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Aevo−0.045%55s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.045% cheaper against Aevo than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$8 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAOI-PERP	110.22	0.0104	pay 0.0013% / 1h	40m 29s	—	—	10x
Short	tradeXYZ xyz:AAOI	110.17	0.0363	get 0.0045% / 1h	40m 29s	$2.0M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aevo. 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 AevobpFee tradeXYZbpOrdersPrice spread, now −0.045%Rate

Funding earned: $54.3
Price spread: −0.045% → 0.000%: −$4.53
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $15.77
Costs to cover: 0.340%
Break-even: 5.0 days

Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 7 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 Aevo no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 7 min ago	1.80 bp	23.5 bp −$24	doesn't fit	doesn't fit	doesn't fit

Aevo: 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.

AAOI on 21 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
Aster AAOIUSDT	0.0000%	8h	110.11	−0.096%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.15	−0.066%	$16K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.13	−0.082%	$15.0M	$42.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.17	−0.045%	$4.0M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.18	−0.036%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.28	+0.055%	$151K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	110.75	+0.481%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.66	+0.399%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0003%	8h	110.37	+0.136%	$270K	$63K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0030%	8h	110.78	+0.508%	$763	$105K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	110.13	−0.082%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	110.14	−0.073%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	110.16	−0.054%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.17	−0.045%	$461K	$184K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.20	−0.018%	$2K	$13K	10x	as long as short
Aevo AAOI-PERPlong	+0.0104%	1h	110.22	long leg	—	—	10x
Bybit AAOIUSDT	+0.0123%	8h	110.16	−0.054%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0303%	8h	110.20	−0.018%	$4.8M	$19.5M	20x	as long as short
edgeX AAOIUSDC	+0.0360%	4h	110.71	+0.447%	$13K	$263K	10x	as long as short
tradeXYZ xyz:AAOIshort	+0.0363%	1h	110.17	−0.045%	$2.0M	$1.4M	10x
Paragon para:AAOI	+0.0501%	1h	110.16	−0.059%	$233K	$719K	10x	as long as short