Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.038%
Price spread now: tradeXYZ against Popdex−0.009%7-day average −0.054% · 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−$790.792% of the position
Funding, last 4 days (all we have)+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.009%, 7d avg −0.054%
=Together, before fees−0.006%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.045% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.054%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.046% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex AAOIUSDT | 108.82 | 0.0048 | pay 0.0006% / 1h | 9m 32s | $208 | $110K | 20x |
| Short | tradeXYZ xyz:AAOI | 108.81 | 0.0268 | get 0.0033% / 1h | 9m 32s | $2.0M | $1.4M | 10x |
Popdex AAOIUSDT
tradeXYZ xyz:AAOIFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $46.11
- Price spread: −0.009% → −0.054%
- $4.47
- Slippage, 4 orders
- −$54.75
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$28.58
- Costs to cover
- 0.792%
- Break-even
- 11.3 days
Slippage from Popdex: live order book, 39 min ago; tradeXYZ: live order book, 8 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, 39 min ago | 2.75 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 3.23 bp | 18.6 bp −$19 | 39.6 bp −$396 | 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 | −0.1442% | 8h | 108.82 | 0.000% | $3.0M | $3.6M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 108.82 | +0.004% | $40K | $37K | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 108.87 | +0.046% | $3.8M | $13.3M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 108.80 | −0.017% | $149K | $127K | — | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 108.90 | +0.074% | $1K | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 108.83 | +0.009% | $24K | $46K | 20x | as long as short |
| Binance AAOIUSDT | +0.0013% | 8h | 108.80 | −0.018% | $14.8M | $44.4M | 20x | as long as short |
| Extended AAOI-USD | +0.0016% | 1h | 108.85 | +0.027% | $14K | $234K | 10x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 108.90 | +0.074% | — | — | 10x | as long as short |
| BloFin AAOI-USDT | +0.0036% | 8h | 108.80 | −0.018% | $276K | $64K | 20x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
SunX AAOI-USDT
HTX AAOI-USDT
Binance AAOIUSDT
Extended AAOI-USD
Lighter AAOI
BloFin AAOI-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAOI_USDT_Perp | +0.0046% | 8h | 108.83 | +0.011% | $399 | $116K | 10x | as long as short |
| Bybit AAOIUSDT | +0.0047% | 8h | 108.83 | +0.009% | $1.7M | $2.8M | 25x | as long as short |
| Popdex AAOIUSDTlong | +0.0048% | 1h | 108.82 | long leg | $208 | $110K | 20x | |
| QFEX AAOI-USD | +0.0054% | 1h | 108.84 | +0.018% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 108.80 | −0.018% | $456K | $199K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 108.85 | +0.028% | $2K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 108.91 | +0.080% | — | — | 10x | as long as short |
| tradeXYZ xyz:AAOIshort | +0.0268% | 1h | 108.81 | −0.009% | $2.0M | $1.4M | 10x | |
| Paragon para:AAOI | +0.0322% | 1h | 108.81 | −0.013% | $228K | $721K | 10x | as long as short |
| OKX AAOI-USDT-SWAP | +0.0420% | 8h | 108.88 | +0.055% | $5.0M | $20.4M | 20x | as long as short |
| edgeX AAOIUSDC | +0.0838% | 4h | 108.78 | −0.036% | $13K | $263K | 10x | as long as short |
GRVT AAOI_USDT_Perp
Bybit AAOIUSDT
QFEX AAOI-USD
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
Paragon para:AAOI
OKX AAOI-USDT-SWAP
edgeX AAOIUSDC