Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Aster against Popdex−0.123%7-day average — · you buy dearer than you sell

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

Long on Popdex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.123% cheaper against Popdex than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AAOIUSDT	111.95	0.0048	pay 0.0006% / 1h	30m 36s	$496	$109K	20x
Short	Aster AAOIUSDT	111.81	0	get 0.0000% / 8h	7h 30m	$41K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Popdex. 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 PopdexbpFee AsterbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$10.08
Price spread: −0.123% → 0.000%: −$12.35
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.83
Costs to cover: 0.144%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 43 min ago; Aster: 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 Popdex live order book, 43 min ago	0.45 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
BloFin AAOI-USDT	−0.0009%	8h	111.89	−0.054%	$246K	$62K	20x	as long as short
QFEX AAOI-USD	−0.0006%	1h	111.92	−0.027%	$1.1M	$2.5M	10x	as long as short
Aster AAOIUSDTshort	0.0000%	8h	111.81	−0.123%	$41K	$37K	20x
Extended AAOI-USD	0.0000%	1h	111.93	−0.021%	$15K	$278K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.95	0.000%	$15.3M	$43.0M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.99	+0.036%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.95	0.000%	$4.3M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.96	+0.009%	$4.2M	$25.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.98	+0.027%	$2.8M	$3.1M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.88	−0.065%	$153K	$164K	—	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	111.57	−0.339%	$366	$105K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.46	−0.438%	$1K	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.61	−0.304%	$24K	$39K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.90	−0.045%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	111.95	long leg	$496	$109K	20x
Paragon para:AAOI	+0.0060%	1h	111.92	−0.027%	$271K	$695K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.89	−0.054%	$469K	$171K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.78	−0.152%	$2K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.75	−0.176%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0374%	1h	111.96	+0.009%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0654%	4h	111.45	−0.443%	$13K	$264K	10x	as long as short