Funding arb · Price arb /

AAOI

RWAall AAOI markets

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 +0.001%

Price spread now: OKX against Bybit+0.063%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.063%, 7d avg +0.011%

Together, before fees+0.132%+$13 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: OKX is 0.052% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAOIUSDT	111.01	0	get 0.0000% / 8h	6h 15m	$1.8M	$2.6M	25x
Short	OKX AAOI-USDT-SWAP	111.08	0	get 0.0000% / 8h	6h 15m	$4.4M	$18.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.011%: $5.23
Slippage, 4 orders: −$25.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.13
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 3 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, 1 min ago	2.70 bp	13.0 bp −$13	88.9 bp −$889	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.45 bp	8.4 bp −$8	43.3 bp −$433	doesn't fit	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	110.91	−0.091%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.95	−0.056%	$18K	$205K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.98	−0.028%	$15.1M	$42.2M	20x	as long as short
Bybit AAOIUSDTlong	0.0000%	8h	111.01	long leg	$1.8M	$2.6M	25x
OKX AAOI-USDT-SWAPshort	0.0000%	8h	111.08	+0.063%	$4.4M	$18.9M	20x
Gate AAOI_USDT	0.0000%	8h	111.00	−0.009%	$4.0M	$14.5M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.02	+0.009%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.97	−0.032%	$152K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	110.91	−0.092%	$481	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.09	+0.072%	$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	111.06	+0.045%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0015%	1h	110.97	−0.036%	$1.1M	$2.4M	10x	as long as short
Lighter AAOI	+0.0032%	1h	110.99	−0.018%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	110.95	−0.054%	$933	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.97	−0.036%	$464K	$165K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.96	−0.045%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.94	−0.066%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0244%	1h	111.05	+0.036%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0387%	1h	111.07	+0.054%	$239K	$717K	10x	as long as short
edgeX AAOIUSDC	+0.0506%	4h	110.90	−0.098%	$13K	$263K	10x	as long as short