Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h —

Price spread now: Lighter against Orderly0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Lighter

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAOI_USDC_mythos	111.95	0.0100	pay 0.0100% / 8h	7h 51m	$2K	$14K	10x
Short	Lighter AAOI	111.95	0.0032	get 0.0004% / 1h	51m 10s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$14.28
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.28
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Orderly and 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
QFEX AAOI-USD	−0.0006%	1h	111.99	+0.036%	$1.1M	$2.6M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.89	−0.057%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	112.00	+0.042%	$15K	$215K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	112.01	+0.054%	$15.3M	$43.6M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	112.00	+0.045%	$4.3M	$19.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	112.03	+0.071%	$4.2M	$25.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	112.05	+0.089%	$2.8M	$3.2M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	112.00	+0.047%	$153K	$164K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.91	−0.036%	$338	$105K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	112.07	+0.107%	$985	$1.3M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	112.00	+0.045%	$24K	$38K	20x	as long as short
BloFin AAOI-USDT	+0.0007%	8h	111.97	+0.018%	$244K	$65K	20x	as long as short
Lighter AAOIshort	+0.0032%	1h	111.95	0.000%	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	111.99	+0.036%	$233	$108K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	112.11	+0.143%	$272K	$702K	10x	as long as short
Bybit AAOIUSDT	+0.0092%	8h	112.09	+0.125%	$1.8M	$2.8M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.95	0.000%	$469K	$183K	20x	as long as short
Orderly PERP_AAOI_USDC_mythoslong	+0.0100%	8h	111.95	long leg	$2K	$14K	10x
Aevo AAOI-PERP	+0.0104%	1h	111.42	−0.469%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0112%	4h	111.88	−0.062%	$13K	$263K	10x	as long as short
tradeXYZ xyz:AAOI	+0.1079%	1h	111.98	+0.027%	$2.0M	$1.4M	10x	as long as short