Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h —

Price spread now: Orderly against Lighter−0.036%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 Orderly

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

Funding pays, the price is against you. Orderly is 0.036% cheaper against Lighter than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	111.62	0.0032	pay 0.0004% / 1h	16m 57s	—	—	10x
Short	Orderly PERP_AAOI_USDC_mythos	111.58	0.0100	get 0.0100% / 8h	16m 57s	$2K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.036%Rate

Funding earned: $14.28
Price spread: −0.036% → 0.000%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $4.7
Costs to cover: 0.060%
Break-even: 4.7 days

Slippage unknown: Lighter: no order-book sample; 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 Lighter no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Lighter and 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
BloFin AAOI-USDT	−0.0021%	8h	111.61	−0.009%	$244K	$68K	20x	as long as short
QFEX AAOI-USD	−0.0011%	1h	111.61	−0.009%	$1.1M	$2.6M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.54	−0.069%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.59	−0.023%	$17K	$209K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.62	−0.003%	$15.3M	$43.7M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.69	+0.063%	$1.8M	$2.8M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.69	+0.063%	$4.3M	$19.4M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.68	+0.054%	$4.2M	$30.8M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.65	+0.027%	$2.8M	$3.2M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.43	−0.170%	$153K	$167K	—	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	0.0000%	8h	111.51	−0.099%	$641	$107K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.63	+0.009%	$980	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.50	−0.108%	$24K	$38K	20x	as long as short
Lighter AAOIlong	+0.0032%	1h	111.62	long leg	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	111.64	+0.018%	$1K	$110K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0050%	1h	111.65	+0.027%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.60	−0.022%	$278K	$697K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.61	−0.009%	$468K	$185K	20x	as long as short
Orderly PERP_AAOI_USDC_mythosshort	+0.0100%	8h	111.58	−0.036%	$2K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	111.61	−0.010%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0363%	4h	111.50	−0.111%	$13K	$264K	10x	as long as short