Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Binance against Lighter−0.027%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Binance

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	111.63	0.0032	pay 0.0004% / 1h	15m 14s	—	—	10x
Short	Binance AAOIUSDT	111.60	0	get 0.0000% / 8h	4h 15m	$15.2M	$42.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$6.72
Price spread: −0.027% → 0.000%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.41
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 12 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.89 bp	11.5 bp −$11	33.9 bp −$339	97.3 bp −$9,731	doesn't fit

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
BloFin AAOI-USDT	−0.0008%	8h	111.59	−0.036%	$266K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.56	−0.064%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.57	−0.054%	$15K	$213K	10x	as long as short
Binance AAOIUSDTshort	0.0000%	8h	111.60	−0.027%	$15.2M	$42.0M	20x
Gate AAOI_USDT	0.0000%	8h	111.64	+0.009%	$4.0M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.63	0.000%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.66	+0.023%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.61	−0.018%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.73	+0.090%	$24K	$43K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0007%	8h	111.66	+0.026%	$624	$103K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOIlong	+0.0032%	1h	111.63	long leg	—	—	10x
Paragon para:AAOI	+0.0034%	1h	111.62	−0.007%	$238K	$717K	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.61	−0.018%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0053%	1h	111.61	−0.018%	$1.1M	$2.2M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.64	+0.009%	$467K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.59	−0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.59	−0.038%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0107%	8h	111.65	+0.018%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0209%	8h	111.67	+0.036%	$4.7M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0303%	1h	111.59	−0.036%	$2.0M	$1.3M	10x	as long as short
edgeX AAOIUSDC	+0.0659%	4h	111.68	+0.046%	$13K	$265K	10x	as long as short