Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.009%
Price spread now: Binance against Popdex−0.065%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$600.602% of the position
Funding, last 4 days (all we have)+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+1.015%+$102 · spread now −0.065%, 7d avg +0.053%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.118% cheaper against Popdex than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.089%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex AAOIUSDT | 107.92 | 0.0048 | pay 0.0006% / 1h | 12m 51s | $1K | $108K | 20x |
| Short | Binance AAOIUSDT | 107.85 | 0 | get 0.0000% / 8h | 12m 51s | $14.8M | $45.4M | 20x |
Popdex AAOIUSDT
Binance AAOIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.08
- Price spread: −0.065% → +0.053%
- −$11.78
- Slippage, 4 orders
- −$43.76
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$82.02
- Costs to cover
- 0.602%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 26 min ago; Binance: live order book, 14 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 Popdex live order book, 26 min ago | 1.85 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.46 bp | 10.1 bp −$10 | 31.8 bp −$318 | 94.7 bp −$9,474 | 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 | −0.1304% | 8h | 107.97 | +0.046% | $3.2M | $3.9M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 107.91 | −0.009% | $40K | $37K | 20x | as long as short |
| Extended AAOI-USD | 0.0000% | 1h | 107.84 | −0.071% | $17K | $230K | 10x | as long as short |
| Binance AAOIUSDTshort | 0.0000% | 8h | 107.85 | −0.065% | $14.8M | $45.4M | 20x | |
| Bybit AAOIUSDT | 0.0000% | 8h | 107.90 | −0.019% | $1.7M | $2.8M | 25x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 107.90 | −0.019% | $3.7M | $13.0M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 107.73 | −0.178% | $115K | $153K | — | as long as short |
| GRVT AAOI_USDT_Perp | 0.0000% | 8h | 107.79 | −0.118% | $814 | $114K | 10x | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 107.78 | −0.130% | $1K | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 107.96 | +0.037% | $23K | $47K | 20x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Extended AAOI-USD
Bybit AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
GRVT AAOI_USDT_Perp
SunX AAOI-USDT
HTX AAOI-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin AAOI-USDT | +0.0004% | 8h | 107.82 | −0.093% | $279K | $66K | 20x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 107.84 | −0.074% | — | — | 10x | as long as short |
| QFEX AAOI-USD | +0.0034% | 1h | 107.83 | −0.083% | $1.1M | $1.8M | 10x | as long as short |
| Popdex AAOIUSDTlong | +0.0048% | 1h | 107.92 | long leg | $1K | $108K | 20x | |
| tradeXYZ xyz:AAOI | +0.0082% | 1h | 107.83 | −0.083% | $1.9M | $1.5M | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 107.81 | −0.102% | $444K | $218K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 107.86 | −0.056% | $1K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 107.85 | −0.069% | — | — | 10x | as long as short |
| Paragon para:AAOI | +0.0130% | 1h | 107.78 | −0.130% | $226K | $721K | 10x | as long as short |
| edgeX AAOIUSDC | +0.0212% | 4h | 107.76 | −0.153% | $12K | $266K | 10x | as long as short |
| OKX AAOI-USDT-SWAP | +0.0398% | 8h | 107.86 | −0.056% | $5.0M | $20.6M | 20x | as long as short |
BloFin AAOI-USDT
Lighter AAOI
QFEX AAOI-USD
tradeXYZ xyz:AAOI
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
Paragon para:AAOI
edgeX AAOIUSDC
OKX AAOI-USDT-SWAP