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: SunX against Bybit−0.092%46s7-day average −0.062% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.092%, 7d avg −0.062%

Together, before fees−0.177%−$18 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: SunX is 0.030% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.062%. The two prices were read 46 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	108.92	0	get 0.0000% / 8h	5h 27m	$1.7M	$3.0M	25x
Short	SunX AAOI-USDT	108.82	0	get 0.0000% / 8h	5h 27m	$1K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.062%: −$2.97
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.97
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SunX: live order book, 9 min ago. Net counts fees only.

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, 3 min ago	2.75 bp	34.6 bp −$35	166.2 bp −$1,662	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	500.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

AAOI on 21 exchanges

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	−0.0239%	8h	108.93	+0.009%	$3.3M	$4.3M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.93	+0.005%	$40K	$43K	20x	as long as short
Bybit AAOIUSDTlong	0.0000%	8h	108.92	long leg	$1.7M	$3.0M	25x
Gate AAOI_USDT	0.0000%	8h	108.91	−0.009%	$3.8M	$12.7M	50x	as long as short
SunX AAOI-USDTshort	0.0000%	8h	108.82	−0.092%	$1K	$1.1M	10x
HTX AAOI-USDT	0.0000%	8h	108.96	+0.037%	$24K	$47K	20x	as long as short
QFEX AAOI-USD	+0.0031%	1h	108.86	−0.055%	$1.1M	$1.8M	10x	as long as short
Lighter AAOI	+0.0032%	1h	108.82	−0.092%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	108.88	−0.037%	$960	$109K	20x	as long as short
Variational Omni AAOI	+0.0080%	8h	108.91	−0.005%	$117K	$156K	—	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AAOI	+0.0086%	1h	108.84	−0.073%	$1.9M	$1.7M	10x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	108.87	−0.046%	$1K	$14K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	108.83	−0.083%	$450K	$384K	20x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	108.87	−0.046%	—	—	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0162%	8h	108.90	−0.018%	$4.8M	$22.5M	20x	as long as short
edgeX AAOIUSDC	+0.0182%	4h	108.86	−0.051%	$13K	$262K	10x	as long as short
Binance AAOIUSDT	+0.0191%	8h	108.88	−0.039%	$14.8M	$49.9M	20x	as long as short
Extended AAOI-USD	+0.0192%	1h	108.82	−0.089%	$14K	$233K	10x	as long as short
BloFin AAOI-USDT	+0.0193%	8h	108.92	0.000%	$275K	$76K	20x	as long as short
Paragon para:AAOI	+0.0264%	1h	108.81	−0.101%	$227K	$719K	10x	as long as short
GRVT AAOI_USDT_Perp	+0.0451%	8h	108.90	−0.018%	$756	$110K	10x	as long as short