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 0.000%

Price spread now: Orderly against KuCoin−0.037%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.037% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAOIUSDTM	108.04	0.0100	pay 0.0100% / 8h	1h 52m	$452K	$200K	20x
Short	Orderly PERP_AAOI_USDC_mythos	108.00	0.0100	get 0.0100% / 8h	1h 52m	$1K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → 0.000%: −$3.7
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 66 min ago; Orderly: 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 KuCoin live order book, 66 min ago	11.50 bp	434.7 bp −$435	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1332%	8h	108.15	+0.102%	$3.0M	$3.7M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.26	+0.207%	$40K	$37K	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	108.05	+0.009%	$3.8M	$13.0M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	108.14	+0.094%	$148K	$127K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	108.08	+0.037%	$960	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.08	+0.037%	$24K	$46K	20x	as long as short
Extended AAOI-USD	+0.0008%	1h	108.04	+0.001%	$14K	$229K	10x	as long as short
Binance AAOIUSDT	+0.0014%	8h	108.07	+0.028%	$14.7M	$44.6M	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0025%	8h	108.28	+0.224%	$949	$115K	10x	as long as short
BloFin AAOI-USDT	+0.0030%	8h	108.09	+0.046%	$276K	$64K	20x	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	107.98	−0.056%	—	—	10x	as long as short
QFEX AAOI-USD	+0.0041%	1h	108.06	+0.019%	$1.1M	$1.9M	10x	as long as short
Bybit AAOIUSDT	+0.0046%	8h	108.10	+0.056%	$1.7M	$2.8M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	108.05	+0.009%	$227	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0070%	4h	108.19	+0.135%	$13K	$264K	10x	as long as short
KuCoin AAOIUSDTMlong	+0.0100%	8h	108.04	long leg	$452K	$200K	20x
Orderly PERP_AAOI_USDC_mythosshort	+0.0100%	8h	108.00	−0.037%	$1K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	108.01	−0.028%	—	—	10x	as long as short
Paragon para:AAOI	+0.0310%	1h	108.00	−0.039%	$226K	$721K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0410%	1h	108.08	+0.037%	$2.0M	$1.4M	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0425%	8h	108.07	+0.028%	$4.9M	$20.3M	20x	as long as short