Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h +0.014%
Price spread now: Popdex against Bybit−0.089%7-day average +0.002% · 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−$89as in the Price arb table
costs, in and out, $10k−$790.794% of the position
Funding, last 3 days (all we have)−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.089%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Popdex is 0.091% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AAOIUSDT | 112.09 | 0.0092 | pay 0.0092% / 8h | 7h 51m | $1.8M | $2.8M | 25x |
| Short | Popdex AAOIUSDT | 111.99 | 0.0048 | get 0.0006% / 1h | 51m 13s | $233 | $108K | 20x |
Bybit AAOIUSDT
Popdex AAOIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.32
- Price spread: −0.089% → +0.002%
- −$9.1
- Slippage, 4 orders
- −$62.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$97.86
- Costs to cover
- 0.794%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Popdex: live order book, 22 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 | 2.23 bp | 12.3 bp −$12 | 93.1 bp −$931 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 22 min ago | 0.45 bp | 14.0 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX AAOI-USD | −0.0006% | 1h | 111.99 | −0.089% | $1.1M | $2.6M | 10x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 111.89 | −0.182% | $41K | $37K | 20x | as long as short |
| Extended AAOI-USD | 0.0000% | 1h | 112.00 | −0.083% | $15K | $215K | 10x | as long as short |
| Binance AAOIUSDT | 0.0000% | 8h | 112.01 | −0.071% | $15.3M | $43.6M | 20x | as long as short |
| OKX AAOI-USDT-SWAP | 0.0000% | 8h | 112.00 | −0.080% | $4.3M | $19.3M | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 112.03 | −0.054% | $4.2M | $25.0M | 50x | as long as short |
| Bitget AAOIUSDT | 0.0000% | 8h | 112.05 | −0.036% | $2.8M | $3.2M | 20x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 112.00 | −0.078% | $153K | $164K | — | as long as short |
| GRVT AAOI_USDT_Perp | 0.0000% | 8h | 111.91 | −0.161% | $338 | $105K | 10x | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 112.07 | −0.018% | $985 | $1.3M | 10x | as long as short |
QFEX AAOI-USD
Aster AAOIUSDT
Extended AAOI-USD
Binance AAOIUSDT
OKX AAOI-USDT-SWAP
Gate AAOI_USDT
Bitget AAOIUSDT
Variational Omni AAOI
GRVT AAOI_USDT_Perp
SunX AAOI-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAOI-USDT | 0.0000% | 8h | 112.00 | −0.080% | $24K | $38K | 20x | as long as short |
| BloFin AAOI-USDT | +0.0007% | 8h | 111.97 | −0.107% | $244K | $65K | 20x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 111.95 | −0.125% | — | — | 10x | as long as short |
| Popdex AAOIUSDTshort | +0.0048% | 1h | 111.99 | −0.089% | $233 | $108K | 20x | |
| Paragon para:AAOI | +0.0060% | 1h | 112.11 | +0.018% | $272K | $702K | 10x | as long as short |
| Bybit AAOIUSDTlong | +0.0092% | 8h | 112.09 | long leg | $1.8M | $2.8M | 25x | |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 111.95 | −0.125% | $469K | $183K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 111.95 | −0.125% | $2K | $14K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 111.42 | −0.594% | — | — | 10x | as long as short |
| edgeX AAOIUSDC | +0.0112% | 4h | 111.88 | −0.187% | $13K | $263K | 10x | as long as short |
| tradeXYZ xyz:AAOI | +0.1079% | 1h | 111.98 | −0.098% | $2.0M | $1.4M | 10x | as long as short |
HTX AAOI-USDT
BloFin AAOI-USDT
Lighter AAOI
Paragon para:AAOI
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
edgeX AAOIUSDC
tradeXYZ xyz:AAOI