Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bitget against Gate+0.009%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.009%, 7d avg −0.048%

Together, before fees−0.043%−$4 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: Bitget is 0.057% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAOI_USDT	111.79	0	get 0.0000% / 8h	7h 10m	$4.2M	$25.1M	50x
Short	Bitget AAOIUSDT	111.80	0	get 0.0000% / 8h	7h 10m	$2.8M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.048%: $5.65
Slippage, 4 orders: −$47.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.57
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bitget: 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 Gate live order book, 4 min ago	8.94 bp	19.4 bp −$19	55.5 bp −$555	91.2 bp −$9,123	doesn't fit
Sell Bitget live order book, 2 min ago	2.24 bp	19.4 bp −$19	28.3 bp −$283	95.7 bp −$9,574	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	111.73	−0.054%	$1.1M	$2.5M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.67	−0.108%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.71	−0.074%	$15K	$203K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.73	−0.054%	$15.2M	$42.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.75	−0.036%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.79	0.000%	$4.3M	$19.1M	20x	as long as short
Gate AAOI_USDTlong	0.0000%	8h	111.79	long leg	$4.2M	$25.1M	50x
Bitget AAOIUSDTshort	0.0000%	8h	111.80	+0.009%	$2.8M	$3.0M	20x
Variational Omni AAOI	0.0000%	8h	111.63	−0.142%	$153K	$164K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.85	+0.054%	$330	$101K	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	111.58	−0.188%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.76	−0.027%	$24K	$39K	20x	as long as short
BloFin AAOI-USDT	+0.0006%	8h	111.72	−0.063%	$245K	$62K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.68	−0.098%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.77	−0.018%	$441	$109K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.71	−0.069%	$270K	$686K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.72	−0.063%	$468K	$166K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.67	−0.107%	$2K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.68	−0.094%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0276%	1h	111.78	−0.009%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0865%	4h	111.89	+0.094%	$13K	$265K	10x	as long as short