Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h +0.006%

Price spread now: QFEX against OKX+0.092%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.199%−$20 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.092%, 7d avg −0.069%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.161% dearer against OKX than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.069%): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAOI-USDT-SWAP	109.27	0.0330	pay 0.0330% / 8h	3h 18m	$4.8M	$19.5M	20x
Short	QFEX AAOI-USD	109.37	0.0076	get 0.0010% / 1h	18m 49s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$53.16
Price spread: +0.092% → −0.069%: $16.05
Slippage, 4 orders: −$16.58
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$73.68
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; QFEX: live order book, 3 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	0.46 bp	9.7 bp −$10	64.0 bp −$640	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.28 bp	7.3 bp −$7	12.6 bp −$126	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
Bitget AAOIUSDT	−0.0219%	8h	109.28	+0.009%	$2.7M	$3.0M	20x	as long as short
BloFin AAOI-USDT	−0.0014%	8h	109.33	+0.055%	$268K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.17	−0.095%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.28	+0.010%	$14K	$214K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.21	−0.055%	$14.8M	$42.6M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.26	−0.009%	$3.9M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	109.73	+0.422%	$150K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	109.56	+0.265%	$973	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	109.62	+0.320%	$24K	$44K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0015%	8h	109.71	+0.403%	$824	$110K	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	109.26	−0.009%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.39	+0.110%	$1K	$108K	20x	as long as short
QFEX AAOI-USDshort	+0.0076%	1h	109.37	+0.092%	$1.1M	$2.0M	10x
KuCoin AAOIUSDTM	+0.0100%	8h	109.28	+0.009%	$457K	$189K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.21	−0.055%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.19	−0.074%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0119%	8h	109.26	−0.009%	$1.7M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAPlong	+0.0330%	8h	109.27	long leg	$4.8M	$19.5M	20x
tradeXYZ xyz:AAOI	+0.0360%	1h	109.14	−0.119%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0421%	1h	109.33	+0.057%	$231K	$719K	10x	as long as short
edgeX AAOIUSDC	+0.0618%	4h	109.70	+0.390%	$13K	$264K	10x	as long as short