Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −7.9% APRpaid last 24h +0.014%

Price spread now: BloFin against Popdex−0.018%7-day average −0.021% · 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−$75as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on Popdex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.018%, 7d avg −0.021%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 3 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	111.33	0.0048	pay 0.0006% / 1h	41m 59s	$1K	$110K	20x
Short	BloFin AAOI-USDT	111.31	−0.0025	pay 0.0025% / 8h	41m 59s	$241K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$15.23
Price spread: −0.018% → −0.021%: $0.27
Slippage, 4 orders: −$56.99
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$90.35
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from Popdex: live order book, 37 min ago; BloFin: live order book, 29 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, 37 min ago	1.36 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	2.71 bp	11.5 bp −$12	23.2 bp −$232	90.8 bp −$9,084	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
BloFin AAOI-USDTshort	−0.0025%	8h	111.31	−0.018%	$241K	$68K	20x
QFEX AAOI-USD	−0.0011%	1h	111.29	−0.036%	$1.1M	$2.6M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.19	−0.123%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.20	−0.119%	$17K	$209K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.22	−0.099%	$15.3M	$43.4M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.34	+0.009%	$1.8M	$2.8M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.26	−0.063%	$4.3M	$19.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.28	−0.045%	$4.2M	$30.7M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.26	−0.063%	$2.8M	$3.2M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.29	−0.039%	$153K	$167K	—	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	111.23	−0.090%	$912	$108K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.23	−0.090%	$959	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.32	−0.009%	$24K	$37K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.24	−0.081%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	111.33	long leg	$1K	$110K	20x
tradeXYZ xyz:AAOI	+0.0050%	1h	111.23	−0.090%	$2.2M	$1.3M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.35	+0.018%	$278K	$696K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.27	−0.054%	$466K	$187K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.22	−0.099%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.23	−0.088%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0387%	4h	111.13	−0.179%	$13K	$264K	10x	as long as short