Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.007%

Price spread now: QFEX against HTX−0.125%7-day average — · you buy dearer than you sell

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. QFEX is 0.125% cheaper against HTX than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 25 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	HTX AAOI-USDT	111.78	0	get 0.0000% / 8h	5h 06m	$24K	$41K	20x
Short	QFEX AAOI-USD	111.64	0.0017	get 0.0002% / 1h	6m 37s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.125%Rate

Funding earned: $3.54
Price spread: −0.125% → 0.000%: −$12.52
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.98
Costs to cover: 0.220%
Break-even: 68.2 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 6 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	1.34 bp	6.3 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit

HTX: 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
BloFin AAOI-USDT	−0.0007%	8h	111.69	−0.081%	$214K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.60	−0.165%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.66	−0.106%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.67	−0.098%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.73	−0.045%	$4.6M	$19.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.69	−0.081%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.68	−0.089%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.65	−0.113%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.71	−0.063%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.70	−0.072%	$967	$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-USDTlong	0.0000%	8h	111.78	long leg	$24K	$41K	20x
QFEX AAOI-USDshort	+0.0017%	1h	111.64	−0.125%	$1.1M	$2.3M	10x
Bybit AAOIUSDT	+0.0027%	8h	111.68	−0.089%	$1.8M	$2.6M	25x	as long as short
Lighter AAOI	+0.0032%	1h	111.66	−0.107%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.69	−0.081%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.61	−0.152%	$467K	$172K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.66	−0.107%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.66	−0.108%	—	—	10x	as long as short
Paragon para:AAOI	+0.0223%	1h	111.67	−0.098%	$239K	$713K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0243%	1h	111.63	−0.134%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0695%	4h	111.67	−0.099%	$13K	$263K	10x	as long as short