Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.007%

Price spread now: QFEX against Bitget−0.045%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.073%−$7 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.045%, 7d avg −0.051%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAOIUSDT	111.72	0	get 0.0000% / 8h	5h 10m	$2.7M	$3.0M	20x
Short	QFEX AAOI-USD	111.67	0.0017	get 0.0002% / 1h	10m 27s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $3.54
Price spread: −0.045% → −0.051%: $0.62
Slippage, 4 orders: −$27.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.07
Costs to cover: 0.492%
Break-even: 96.0 days

Slippage from Bitget: live order book, 2 min ago; QFEX: 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 Bitget live order book, 2 min ago	1.79 bp	17.6 bp −$18	30.6 bp −$306	92.1 bp −$9,214	doesn't fit
Sell QFEX live order book, 2 min ago	1.34 bp	6.3 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit

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
BloFin AAOI-USDT	−0.0027%	8h	111.73	+0.009%	$215K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.61	−0.098%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.69	−0.030%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.71	−0.010%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.83	+0.098%	$4.6M	$19.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.71	−0.009%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDTlong	0.0000%	8h	111.72	long leg	$2.7M	$3.0M	20x
Variational Omni AAOI	0.0000%	8h	111.65	−0.060%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.62	−0.090%	$553	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.70	−0.018%	$1K	$1.2M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	111.46	−0.233%	$24K	$41K	20x	as long as short
QFEX AAOI-USDshort	+0.0017%	1h	111.67	−0.045%	$1.1M	$2.3M	10x
Bybit AAOIUSDT	+0.0025%	8h	111.75	+0.027%	$1.8M	$2.6M	25x	as long as short
Lighter AAOI	+0.0032%	1h	111.63	−0.081%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.72	0.000%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.65	−0.063%	$467K	$171K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.67	−0.045%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.65	−0.066%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0238%	1h	111.67	−0.045%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0260%	1h	111.73	+0.009%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0666%	4h	111.59	−0.118%	$13K	$262K	10x	as long as short