Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.019%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.019%, 7d avg +0.035%

Together, before fees+0.113%+$11 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 0.053% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAOIUSDT	107.92	0	get 0.0000% / 8h	6h 58m	$1.7M	$2.9M	25x
Short	Gate AAOI_USDT	107.90	0	get 0.0000% / 8h	6h 58m	$3.7M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.035%: −$5.32
Slippage, 4 orders: −$52.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$84.14
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	2.78 bp	14.9 bp −$15	85.3 bp −$853	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.03 bp	18.1 bp −$18	47.1 bp −$471	76.8 bp −$7,681	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
Bitget AAOIUSDT	−0.0928%	8h	107.91	−0.009%	$3.2M	$4.2M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.59	−0.304%	$40K	$43K	20x	as long as short
Bybit AAOIUSDTlong	0.0000%	8h	107.92	long leg	$1.7M	$2.9M	25x
Gate AAOI_USDTshort	0.0000%	8h	107.90	−0.019%	$3.7M	$12.6M	50x
Variational Omni AAOI	0.0000%	8h	107.78	−0.130%	$115K	$157K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	107.86	−0.056%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.00	+0.074%	$24K	$47K	20x	as long as short
QFEX AAOI-USD	+0.0005%	1h	107.90	−0.019%	$1.1M	$1.8M	10x	as long as short
Extended AAOI-USD	+0.0024%	1h	107.87	−0.047%	$16K	$234K	10x	as long as short
Binance AAOIUSDT	+0.0031%	8h	107.93	+0.005%	$14.6M	$48.3M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0031%	8h	107.91	−0.009%	$272K	$68K	20x	as long as short
Lighter AAOI	+0.0032%	1h	107.86	−0.056%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.93	+0.009%	$936	$109K	20x	as long as short
Paragon para:AAOI	+0.0087%	1h	107.75	−0.160%	$225K	$720K	10x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.86	−0.056%	$1K	$14K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.74	−0.167%	$444K	$286K	20x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.85	−0.061%	—	—	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0257%	8h	107.93	+0.009%	$4.8M	$21.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0322%	1h	107.86	−0.056%	$1.9M	$1.6M	10x	as long as short
edgeX AAOIUSDC	+0.0332%	4h	107.81	−0.104%	$12K	$265K	10x	as long as short
GRVT AAOI_USDT_Perp	+0.0606%	8h	107.94	+0.019%	$416	$111K	10x	as long as short