Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: QFEX against Lighter+0.009%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 QFEX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	107.79	0.0032	pay 0.0004% / 1h	49m 32s	—	—	10x
Short	QFEX AAOI-USD	107.80	0.0034	get 0.0004% / 1h	49m 32s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0.4
Price spread: +0.009% → 0.000%: $0.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$8.67
Costs to cover: 0.100%
Break-even: 157.5 days

Slippage unknown: Lighter: no order-book sample; QFEX: live order book, 2 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 QFEX live order book, 2 min ago	1.86 bp	9.6 bp −$10	13.6 bp −$136	doesn't fit	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	−0.1494%	8h	107.90	+0.102%	$3.1M	$3.8M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.91	+0.111%	$40K	$37K	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.80	+0.009%	$3.7M	$12.9M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.36	−0.400%	$115K	$159K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	107.41	−0.355%	$886	$115K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	107.39	−0.371%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.37	−0.390%	$23K	$48K	20x	as long as short
BloFin AAOI-USDT	+0.0022%	8h	107.33	−0.427%	$278K	$65K	20x	as long as short
Bybit AAOIUSDT	+0.0023%	8h	107.84	+0.046%	$1.7M	$2.8M	25x	as long as short
Binance AAOIUSDT	+0.0024%	8h	107.83	+0.038%	$14.8M	$45.2M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AAOI-USD	+0.0024%	1h	107.75	−0.036%	$14K	$227K	10x	as long as short
Lighter AAOIlong	+0.0032%	1h	107.79	long leg	—	—	10x
QFEX AAOI-USDshort	+0.0034%	1h	107.80	+0.009%	$1.1M	$1.8M	10x
Popdex AAOIUSDT	+0.0048%	1h	107.78	−0.009%	$971	$109K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0066%	1h	107.76	−0.028%	$1.9M	$1.5M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.75	−0.037%	$452K	$207K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.76	−0.028%	$1K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.79	+0.001%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0169%	4h	107.35	−0.404%	$12K	$265K	10x	as long as short
Paragon para:AAOI	+0.0184%	1h	107.81	+0.017%	$226K	$721K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0438%	8h	107.91	+0.111%	$5.0M	$20.6M	20x	as long as short