AAOI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRnext payment −$1.60 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against OKX−0.063%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.063%, 7d avg −0.013%

Together, before fees−0.165%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.051% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAOI-USDT-SWAP	110.94	0.0281	pay 0.0281% / 8h	3h 48m	$4.8M	$19.6M	20x
Short	Bybit AAOIUSDT	110.87	0.0121	get 0.0121% / 8h	3h 48m	$1.8M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$33.54
Price spread: −0.063% → −0.013%: −$5.05
Slippage, 4 orders: −$31.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$90.61
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	0.45 bp	10.0 bp −$10	42.8 bp −$428	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.80 bp	22.5 bp −$22	91.0 bp −$910	doesn't fit	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
Aster AAOIUSDT	0.0000%	8h	110.75	−0.174%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.80	−0.127%	$16K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.86	−0.072%	$15.0M	$42.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.84	−0.090%	$4.1M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.94	0.000%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.06	+0.104%	$152K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	110.77	−0.153%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.87	−0.063%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0008%	8h	110.76	−0.162%	$267K	$63K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0024%	8h	111.23	+0.262%	$663	$105K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	110.88	−0.054%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	110.89	−0.045%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	110.91	−0.027%	$1.1M	$2.1M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.85	−0.081%	$464K	$184K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.80	−0.126%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.81	−0.120%	—	—	10x	as long as short
Bybit AAOIUSDTshort	+0.0121%	8h	110.87	−0.063%	$1.8M	$2.6M	25x
OKX AAOI-USDT-SWAPlong	+0.0281%	8h	110.94	long leg	$4.8M	$19.6M	20x
tradeXYZ xyz:AAOI	+0.0385%	1h	110.86	−0.072%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0402%	1h	110.60	−0.303%	$234K	$719K	10x	as long as short
edgeX AAOIUSDC	+0.0490%	4h	111.26	+0.291%	$13K	$264K	10x	as long as short