Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.002%

Price spread now: Binance against QFEX+0.018%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.126%+$13 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.018%, 7d avg +0.088%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.070% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.088%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.126%, 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	QFEX AAOI-USD	111.66	0.0017	pay 0.0002% / 1h	4m 31s	$1.1M	$2.3M	10x
Short	Binance AAOIUSDT	111.68	0	get 0.0000% / 8h	5h 04m	$15.2M	$41.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$3.54
Price spread: +0.018% → +0.088%: −$7.01
Slippage, 4 orders: −$15.94
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.49
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 7 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 QFEX live order book, 3 min ago	1.79 bp	7.6 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.45 bp	10.6 bp −$11	40.4 bp −$404	143.4 bp −$14.3K	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-USDT	−0.0009%	8h	111.78	+0.107%	$215K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.66	−0.002%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.72	+0.055%	$15K	$211K	10x	as long as short
Binance AAOIUSDTshort	0.0000%	8h	111.68	+0.018%	$15.2M	$41.9M	20x
OKX AAOI-USDT-SWAP	0.0000%	8h	111.77	+0.099%	$4.6M	$19.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.80	+0.125%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.67	+0.009%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	+0.007%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.71	+0.045%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.72	+0.054%	$1K	$1.2M	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	111.64	−0.018%	$24K	$41K	20x	as long as short
QFEX AAOI-USDlong	+0.0017%	1h	111.66	long leg	$1.1M	$2.3M	10x
Lighter AAOI	+0.0032%	1h	111.75	+0.081%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0033%	8h	111.72	+0.054%	$1.8M	$2.6M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.70	+0.036%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.67	+0.009%	$467K	$172K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.69	+0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.70	+0.037%	—	—	10x	as long as short
Paragon para:AAOI	+0.0203%	1h	111.74	+0.072%	$239K	$713K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0245%	1h	111.70	+0.036%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0912%	4h	111.67	+0.010%	$13K	$264K	10x	as long as short