Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0570%/8h= −62.4% APRpaid last 24h −0.114%

Price spread now: Popdex against edgeX−0.279%7-day average −0.004% · 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−$114as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on edgeX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.494%−$49 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.279%, 7d avg −0.004%

Together, before fees−0.500%+ Points / potential airdropedgeX: Active · farm board−$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Popdex is 0.274% cheaper against edgeX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAOIUSDC	109.70	0.0618	pay 0.0309% / 4h	3h 19m	$13K	$264K	10x
Short	Popdex AAOIUSDT	109.39	0.0048	get 0.0006% / 1h	19m 01s	$1K	$108K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.279%Rate

Funding earned: −$119.67
Price spread: −0.279% → −0.004%: −$27.45
Slippage, 4 orders: −$71
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$233.53
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from edgeX: live order book, 33 min ago; Popdex: live order book, 35 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, 33 min ago	3.15 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 35 min ago	3.14 bp	32.4 bp −$32	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
Bitget AAOIUSDT	−0.0219%	8h	109.31	−0.352%	$2.7M	$3.0M	20x	as long as short
BloFin AAOI-USDT	−0.0014%	8h	109.33	−0.333%	$268K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.20	−0.451%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.28	−0.379%	$14K	$214K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.31	−0.352%	$14.9M	$42.6M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.31	−0.352%	$3.9M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	109.73	+0.032%	$150K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	109.56	−0.124%	$973	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	109.62	−0.069%	$24K	$44K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0015%	8h	109.71	+0.013%	$824	$110K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	109.26	−0.397%	—	—	10x	as long as short
Popdex AAOIUSDTshort	+0.0048%	1h	109.39	−0.279%	$1K	$108K	20x
QFEX AAOI-USD	+0.0076%	1h	109.37	−0.297%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.26	−0.397%	$458K	$189K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.21	−0.443%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.19	−0.462%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0119%	8h	109.31	−0.352%	$1.7M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0330%	8h	109.34	−0.324%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0360%	1h	109.28	−0.379%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0421%	1h	109.33	−0.331%	$231K	$719K	10x	as long as short
edgeX AAOIUSDClong	+0.0618%	4h	109.70	long leg	$13K	$264K	10x