Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.007%

Price spread now: QFEX against Bybit−0.063%7-day average −0.057% · 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−$43as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.063%, 7d avg −0.057%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.

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	QFEX AAOI-USD	111.47	0.0017	get 0.0002% / 1h	30m 14s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $3.54
Price spread: −0.063% → −0.057%: −$0.61
Slippage, 4 orders: −$21.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.81
Costs to cover: 0.427%
Break-even: 85.6 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 2 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 QFEX live order book, 2 min ago	1.79 bp	7.7 bp −$8	12.5 bp −$125	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	−0.026%	$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	111.50	−0.033%	$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	111.56	+0.018%	$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-USDshort	+0.0017%	1h	111.47	−0.063%	$1.1M	$2.3M	10x
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	+0.0228%	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 AAOIUSDC	+0.0484%	4h	111.40	−0.124%	$13K	$264K	10x	as long as short