Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Gate−0.056%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.056% cheaper against Gate than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAOI_USDT	107.52	0	get 0.0000% / 8h	2h 27m	$3.7M	$13.3M	50x
Short	Lighter AAOI	107.46	0.0032	get 0.0004% / 1h	27m 03s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.056%Rate

Funding earned: $6.72
Price spread: −0.056% → 0.000%: −$5.58
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.86
Costs to cover: 0.150%
Break-even: 21.4 days

Slippage unknown: Gate: live order book, 2 min ago; Lighter: no order-book sample. 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 Gate live order book, 2 min ago	3.71 bp	19.5 bp −$19	48.0 bp −$480	77.8 bp −$7,776	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1418%	8h	107.58	+0.056%	$2.9M	$3.5M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.45	−0.063%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	107.42	−0.093%	$14K	$237K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	107.46	−0.054%	$14.6M	$44.1M	20x	as long as short
Gate AAOI_USDTlong	0.0000%	8h	107.52	long leg	$3.7M	$13.3M	50x
Variational Omni AAOI	0.0000%	8h	107.92	+0.375%	$148K	$129K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	107.46	−0.056%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.79	+0.251%	$24K	$46K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0004%	8h	108.11	+0.552%	$350	$114K	10x	as long as short
BloFin AAOI-USDT	+0.0010%	8h	107.55	+0.028%	$272K	$63K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOIshort	+0.0032%	1h	107.46	−0.056%	—	—	10x
Bybit AAOIUSDT	+0.0041%	8h	107.50	−0.019%	$1.7M	$2.8M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.60	+0.074%	$181	$110K	20x	as long as short
QFEX AAOI-USD	+0.0054%	1h	107.55	+0.028%	$1.1M	$1.9M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.47	−0.047%	$451K	$196K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.43	−0.084%	$1K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.44	−0.079%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0222%	1h	107.50	−0.019%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0288%	1h	107.55	+0.027%	$226K	$720K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0381%	8h	107.52	0.000%	$4.9M	$20.0M	20x	as long as short
edgeX AAOIUSDC	+0.0804%	4h	108.02	+0.463%	$13K	$263K	10x	as long as short