Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: Bitget against OKX−0.072%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.072%, 7d avg −0.018%

Together, before fees−0.095%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.054% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAOI-USDT-SWAP	111.60	0	get 0.0000% / 8h	22m 45s	$4.3M	$19.3M	20x
Short	Bitget AAOIUSDT	111.52	0	get 0.0000% / 8h	22m 45s	$2.8M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.018%: −$5.36
Slippage, 4 orders: −$36.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.95
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 5 min ago.

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 OKX live order book, 1 min ago	0.45 bp	11.1 bp −$11	52.2 bp −$522	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.69 bp	19.1 bp −$19	28.1 bp −$281	96.0 bp −$9,595	doesn't fit

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
QFEX AAOI-USD	−0.0011%	1h	111.50	−0.090%	$1.1M	$2.6M	10x	as long as short
BloFin AAOI-USDT	−0.0006%	8h	111.52	−0.072%	$244K	$68K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.45	−0.135%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.47	−0.120%	$17K	$209K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.56	−0.036%	$15.3M	$43.6M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.62	+0.018%	$1.8M	$2.8M	25x	as long as short
OKX AAOI-USDT-SWAPlong	0.0000%	8h	111.60	long leg	$4.3M	$19.3M	20x
Gate AAOI_USDT	0.0000%	8h	111.54	−0.054%	$4.2M	$30.8M	50x	as long as short
Bitget AAOIUSDTshort	0.0000%	8h	111.52	−0.072%	$2.8M	$3.2M	20x
Variational Omni AAOI	0.0000%	8h	111.51	−0.079%	$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	111.54	−0.057%	$647	$108K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.48	−0.108%	$1K	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.52	−0.072%	$24K	$38K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.62	+0.018%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.51	−0.081%	$1K	$110K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0050%	1h	111.51	−0.081%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.59	−0.005%	$278K	$697K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.50	−0.090%	$467K	$186K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.44	−0.143%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.47	−0.115%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0841%	4h	111.51	−0.078%	$13K	$263K	10x	as long as short