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 −0.028%

Price spread now: GRVT against OKX−0.134%101s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.548% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 3 days (all we have)+0.415%+$41 · spread now −0.134%, 7d avg +0.025%

Together, before fees+0.268%+ Points / potential airdropGRVT: Active · farm board+$27 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: GRVT is 0.159% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAOI-USDT-SWAP	111.64	0	get 0.0000% / 8h	17m 49s	$4.3M	$19.4M	20x
Short	GRVT AAOI_USDT_Perp	111.49	0	get 0.0000% / 8h	17m 49s	$641	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → +0.025%: −$15.9
Slippage, 4 orders: −$35.81
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$70.71
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; GRVT: live order book, 58 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	9.5 bp −$9	46.3 bp −$463	doesn't fit	doesn't fit
Sell GRVT live order book, 58 min ago	3.62 bp	12.4 bp −$12	71.9 bp −$719	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
QFEX AAOI-USD	−0.0011%	1h	111.53	−0.099%	$1.1M	$2.6M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.52	−0.111%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.55	−0.078%	$17K	$209K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.57	−0.063%	$15.3M	$43.6M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.64	0.000%	$1.8M	$2.8M	25x	as long as short
OKX AAOI-USDT-SWAPlong	0.0000%	8h	111.64	long leg	$4.3M	$19.4M	20x
Gate AAOI_USDT	0.0000%	8h	111.60	−0.036%	$4.2M	$30.8M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.60	−0.036%	$2.8M	$3.2M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.43	−0.188%	$153K	$167K	—	as long as short
GRVT AAOI_USDT_Perpshort	0.0000%	8h	111.49	−0.134%	$641	$107K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAOI-USDT	0.0000%	8h	111.52	−0.107%	$979	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.50	−0.125%	$24K	$38K	20x	as long as short
BloFin AAOI-USDT	+0.0029%	8h	111.49	−0.134%	$244K	$68K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.56	−0.072%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.56	−0.072%	$1K	$110K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0050%	1h	111.60	−0.036%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.50	−0.127%	$278K	$697K	10x	as long as short
edgeX AAOIUSDC	+0.0082%	4h	111.46	−0.159%	$13K	$263K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.56	−0.072%	$467K	$185K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.52	−0.107%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.54	−0.091%	—	—	10x	as long as short