Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.022%

Price spread now: QFEX against KuCoin+0.156%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$699as in the Price arb table

costs, in and out, $10k−$7137.127% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.156%, 7d avg +0.018%

Together, before fees−0.265%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.138% dearer against KuCoin than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of +0.018%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAOIUSDTM	108.71	0.0100	pay 0.0100% / 8h	2h 44m	$456K	$195K	20x
Short	QFEX AAOI-USD	108.88	0.0054	get 0.0007% / 1h	44m 49s	$1.1M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$9.71
Price spread: +0.156% → +0.018%: $13.82
Slippage, 4 orders: −$690.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$708.64
Costs to cover: 7.127%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; QFEX: 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 KuCoin live order book, 13 min ago	11.50 bp	434.7 bp −$435	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.38 bp	9.0 bp −$9	14.1 bp −$141	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
Bitget AAOIUSDT	−0.0996%	8h	108.86	+0.138%	$2.8M	$3.3M	20x	as long as short
BloFin AAOI-USDT	−0.0005%	8h	108.80	+0.083%	$269K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.66	−0.042%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	108.71	+0.001%	$15K	$235K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	108.75	+0.032%	$14.7M	$43.6M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	108.70	−0.009%	$3.8M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	108.82	+0.097%	$149K	$129K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	108.84	+0.120%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.93	+0.202%	$24K	$45K	20x	as long as short
edgeX AAOIUSDC	+0.0004%	4h	108.85	+0.130%	$13K	$265K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAOI_USDT_Perp	+0.0021%	8h	108.85	+0.131%	$660	$113K	10x	as long as short
Lighter AAOI	+0.0032%	1h	108.82	+0.101%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	108.90	+0.175%	$183	$110K	20x	as long as short
QFEX AAOI-USDshort	+0.0054%	1h	108.88	+0.156%	$1.1M	$1.9M	10x
Bybit AAOIUSDT	+0.0084%	8h	108.68	−0.028%	$1.7M	$2.7M	25x	as long as short
KuCoin AAOIUSDTMlong	+0.0100%	8h	108.71	long leg	$456K	$195K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	108.83	+0.110%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	108.78	+0.066%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0241%	1h	108.66	−0.046%	$2.0M	$1.4M	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0386%	8h	108.82	+0.101%	$4.9M	$20.0M	20x	as long as short
Paragon para:AAOI	+0.0449%	1h	108.81	+0.095%	$229K	$720K	10x	as long as short