Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Gate against Lighter+0.046%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 Gate

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. Gate is 0.046% dearer against Lighter than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	107.70	0.0032	pay 0.0004% / 1h	28m 28s	—	—	10x
Short	Gate AAOI_USDT	107.75	0	get 0.0000% / 8h	2h 28m	$3.7M	$13.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.046%Rate

Funding earned: −$6.72
Price spread: +0.046% → 0.000%: $4.64
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	4.64 bp	16.0 bp −$16	46.0 bp −$460	78.3 bp −$7,832	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 AAOIUSDT	−0.1392%	8h	107.81	+0.102%	$2.9M	$3.5M	20x	as long as short
BloFin AAOI-USDT	−0.0010%	8h	108.05	+0.325%	$274K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.66	−0.041%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	107.66	−0.038%	$14K	$237K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	107.68	−0.022%	$14.6M	$44.0M	20x	as long as short
Gate AAOI_USDTshort	0.0000%	8h	107.75	+0.046%	$3.7M	$13.3M	50x
Variational Omni AAOI	0.0000%	8h	107.92	+0.207%	$148K	$129K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	108.11	+0.381%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.08	+0.353%	$24K	$46K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0005%	8h	107.96	+0.238%	$900	$114K	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	107.70	long leg	—	—	10x
Bybit AAOIUSDT	+0.0044%	8h	107.71	+0.009%	$1.7M	$2.8M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.76	+0.056%	$186	$110K	20x	as long as short
QFEX AAOI-USD	+0.0054%	1h	107.74	+0.037%	$1.1M	$1.9M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.80	+0.093%	$452K	$197K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	108.00	+0.279%	$1K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	108.04	+0.318%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0225%	1h	107.73	+0.028%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0294%	1h	107.72	+0.016%	$226K	$720K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0382%	8h	107.80	+0.093%	$4.9M	$20.1M	20x	as long as short
edgeX AAOIUSDC	+0.0390%	4h	107.83	+0.125%	$13K	$265K	10x	as long as short