Funding arb · Price arb /

AAOI

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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: Bitget against Bybit+0.018%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.018%, 7d avg −0.007%

Together, before fees+0.016%+$2 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: Bitget is 0.025% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAOIUSDT	110.84	0	get 0.0000% / 8h	6h 01m	$1.8M	$2.6M	25x
Short	Bitget AAOIUSDT	110.86	0	get 0.0000% / 8h	6h 01m	$2.8M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.007%: $2.51
Slippage, 4 orders: −$41.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.8
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Bitget: live order book, 1 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 Bybit live order book, 6 min ago	0.90 bp	13.5 bp −$14	99.4 bp −$994	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.80 bp	20.1 bp −$20	47.0 bp −$470	121.9 bp −$12.2K	doesn't fit

AAOI on 20 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	110.85	+0.013%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.81	−0.024%	$14K	$207K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.84	+0.002%	$15.0M	$41.7M	20x	as long as short
Bybit AAOIUSDTlong	0.0000%	8h	110.84	long leg	$1.8M	$2.6M	25x
OKX AAOI-USDT-SWAP	0.0000%	8h	110.88	+0.036%	$4.4M	$18.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.86	+0.018%	$4.0M	$14.6M	50x	as long as short
Bitget AAOIUSDTshort	0.0000%	8h	110.86	+0.018%	$2.8M	$3.0M	20x
Variational Omni AAOI	0.0000%	8h	110.77	−0.067%	$152K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	110.75	−0.079%	$777	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	110.87	+0.027%	$1K	$1.2M	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	110.68	−0.144%	$24K	$41K	20x	as long as short
edgeX AAOIUSDC	+0.0011%	4h	110.74	−0.090%	$13K	$264K	10x	as long as short
QFEX AAOI-USD	+0.0015%	1h	110.82	−0.018%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	110.84	0.000%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	110.83	−0.009%	$860	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.85	+0.009%	$464K	$163K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.79	−0.045%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.78	−0.055%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0221%	1h	110.80	−0.036%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0369%	1h	110.82	−0.018%	$238K	$713K	10x	as long as short