Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1304%/8h= −142.8% APRpaid last 24h —

Price spread now: Bitget against Lighter+0.207%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.207% dearer against Lighter than usual: you sell high and buy low (spread +0.207% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	106.45	0.0032	pay 0.0004% / 1h	35m 26s	—	—	10x
Short	Bitget AAOIUSDT	106.67	−0.1272	pay 0.1272% / 8h	7h 35m	$3.2M	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.207%Rate

Funding earned: −$273.84
Price spread: +0.207% → 0.000%: $20.67
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$265.17
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.81 bp	20.4 bp −$20	39.7 bp −$397	102.6 bp −$10.3K	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
Bitget AAOIUSDTshort	−0.1272%	8h	106.67	+0.207%	$3.2M	$4.1M	20x
Aster AAOIUSDT	0.0000%	8h	106.81	+0.339%	$39K	$43K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	106.64	+0.180%	$16K	$228K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	106.67	+0.207%	$14.6M	$47.3M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	106.68	+0.216%	$1.7M	$2.8M	25x	as long as short
Gate AAOI_USDT	0.0000%	8h	106.67	+0.207%	$3.7M	$12.7M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	106.57	+0.110%	$113K	$155K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	106.91	+0.432%	$1K	$111K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	106.83	+0.357%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	106.80	+0.329%	$23K	$47K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0018%	8h	106.87	+0.395%	$278K	$66K	20x	as long as short
Lighter AAOIlong	+0.0032%	1h	106.45	long leg	—	—	10x
QFEX AAOI-USD	+0.0045%	1h	106.59	+0.132%	$1.1M	$1.8M	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	106.63	+0.169%	$960	$109K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0050%	1h	106.55	+0.094%	$1.9M	$1.6M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	106.65	+0.188%	$438K	$251K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	106.56	+0.103%	$1K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	106.57	+0.117%	—	—	10x	as long as short
Paragon para:AAOI	+0.0242%	1h	106.47	+0.019%	$223K	$721K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0326%	8h	106.69	+0.225%	$4.9M	$20.6M	20x	as long as short
edgeX AAOIUSDC	+0.0497%	4h	106.78	+0.308%	$12K	$264K	10x	as long as short