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 −0.007%

Price spread now: OKX against Gate+0.054%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.216%+$22 on $10k

Price spread, last 7 days−0.154%−$15 · spread now +0.054%, 7d avg −0.029%

Together, before fees+0.062%+$6 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: OKX is 0.082% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAOI_USDT	111.80	0	get 0.0000% / 8h	5h 04m	$4.0M	$13.4M	50x
Short	OKX AAOI-USDT-SWAP	111.86	0	get 0.0000% / 8h	5h 04m	$4.6M	$19.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → −0.029%: $8.24
Slippage, 4 orders: −$23.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.67
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 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	5.37 bp	13.7 bp −$14	49.1 bp −$491	81.5 bp −$8,151	doesn't fit
Sell OKX live order book, 4 min ago	0.45 bp	8.1 bp −$8	50.8 bp −$508	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
BloFin AAOI-USDT	−0.0009%	8h	111.78	−0.018%	$215K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.65	−0.135%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.72	−0.070%	$15K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.80	+0.004%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAPshort	0.0000%	8h	111.86	+0.054%	$4.6M	$19.2M	20x
Gate AAOI_USDTlong	0.0000%	8h	111.80	long leg	$4.0M	$13.4M	50x
Bitget AAOIUSDT	0.0000%	8h	111.77	−0.027%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	−0.118%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.71	−0.081%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.72	−0.072%	$1K	$1.2M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	111.64	−0.143%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.70	−0.089%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.75	−0.045%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0033%	8h	111.78	−0.018%	$1.8M	$2.6M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.76	−0.036%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.70	−0.089%	$467K	$172K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.69	−0.098%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.70	−0.088%	—	—	10x	as long as short
Paragon para:AAOI	+0.0203%	1h	111.74	−0.054%	$239K	$713K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0246%	1h	111.76	−0.036%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0912%	4h	111.67	−0.115%	$13K	$264K	10x	as long as short