Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0931%/8h= −101.9% APRpaid last 24h −0.106%

Price spread now: Binance against edgeX−0.069%80s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.494% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.667%−$67 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.069%, 7d avg +0.011%

Together, before fees−0.495%+ Points / potential airdropedgeX: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Binance is 0.079% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 80 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	edgeX AAOIUSDC	111.87	0.0931	pay 0.0466% / 4h	18m 11s	$13K	$264K	10x
Short	Binance AAOIUSDT	111.79	0	get 0.0000% / 8h	4h 18m	$15.2M	$42.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.069%Rate

Funding earned: −$195.52
Price spread: −0.069% → +0.011%: −$7.95
Slippage, 4 orders: −$30.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$252.85
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from edgeX: live order book, 39 min ago; Binance: live order book, 9 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 edgeX live order book, 39 min ago	3.58 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.89 bp	11.5 bp −$11	33.9 bp −$339	97.3 bp −$9,731	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
Paragon para:AAOI	−0.0003%	1h	111.70	−0.148%	$239K	$717K	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.66	−0.187%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.76	−0.098%	$15K	$213K	10x	as long as short
Binance AAOIUSDTshort	0.0000%	8h	111.79	−0.069%	$15.2M	$42.0M	20x
Gate AAOI_USDT	0.0000%	8h	111.81	−0.051%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.77	−0.086%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.84	−0.024%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.83	−0.033%	$631	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.79	−0.069%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.91	+0.039%	$24K	$43K	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	+0.0013%	8h	111.81	−0.051%	$265K	$64K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.76	−0.095%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.80	−0.060%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0053%	1h	111.79	−0.069%	$1.1M	$2.2M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.78	−0.077%	$468K	$177K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.77	−0.086%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.75	−0.108%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0109%	8h	111.78	−0.077%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0200%	8h	111.87	+0.003%	$4.7M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0301%	1h	111.75	−0.104%	$2.0M	$1.3M	10x	as long as short
edgeX AAOIUSDClong	+0.0931%	4h	111.87	long leg	$13K	$264K	10x