Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.111%

Price spread now: edgeX against Bybit−0.124%81s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.563% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.736%+$74 on $10k

Price spread, last 4 days (all we have)+0.868%+$87 · spread now −0.124%, 7d avg 0.000%

Together, before fees+1.604%+ Points / potential airdropedgeX: Active · farm board+$160 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.124% cheaper against Bybit than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of 0.000%). If the spread goes back, that is −$12 on $10k: about 20 hours of funding at the current rate (+$15 a day). The two prices were read 81 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	Bybit AAOIUSDT	111.54	0	get 0.0000% / 8h	5h 30m	$1.8M	$2.6M	25x
Short	edgeX AAOIUSDC	111.40	0.0484	get 0.0242% / 4h	1h 30m	$13K	$264K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.124%Rate

Funding earned: $101.69
Price spread: −0.124% → 0.000%: −$12.37
Slippage, 4 orders: −$36.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $33.05
Costs to cover: 0.563%
Break-even: 4.7 days

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 32 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, 2 min ago	2.24 bp	11.6 bp −$12	88.7 bp −$887	doesn't fit	doesn't fit
Sell edgeX live order book, 32 min ago	3.16 bp	14.3 bp −$14	doesn't fit	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	−0.0024%	8h	111.51	−0.027%	$255K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.51	−0.024%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.47	−0.063%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.51	−0.027%	$15.1M	$41.7M	20x	as long as short
Bybit AAOIUSDTlong	0.0000%	8h	111.54	long leg	$1.8M	$2.6M	25x
OKX AAOI-USDT-SWAP	0.0000%	8h	111.58	+0.036%	$4.5M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.53	−0.009%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.46	−0.072%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.48	−0.052%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.41	−0.114%	$671	$102K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAOI-USDT	0.0000%	8h	111.54	0.000%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.56	+0.018%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.47	−0.063%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.45	−0.081%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.50	−0.036%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.51	−0.027%	$467K	$170K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.51	−0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.49	−0.045%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0227%	1h	111.53	−0.009%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0282%	1h	111.56	+0.018%	$239K	$712K	10x	as long as short
edgeX AAOIUSDCshort	+0.0484%	4h	111.40	−0.124%	$13K	$264K	10x