Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Popdex against SunX+0.019%7-day average +0.056% · you sell dearer than you buy

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

Long on SunX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.019%, 7d avg +0.056%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.038% cheaper against SunX than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.056%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAOI-USDT	107.78	0	get 0.0000% / 8h	11m 10s	$1K	$1.2M	10x
Short	Popdex AAOIUSDT	107.80	0.0048	get 0.0006% / 1h	11m 10s	$963	$108K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against SunX. 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 SunXbpFee PopdexbpOrdersPrice spread, now +0.019%Rate

Funding earned: $10.08
Price spread: +0.019% → +0.056%: −$3.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$8.1
Costs to cover: 0.144%
Break-even: 12.6 days

Slippage unknown: SunX: live order book, 2 min ago; Popdex: live order book, 27 min ago. 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 SunX live order book, 2 min ago	500.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 27 min ago	1.85 bp	17.0 bp −$17	doesn't fit	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	−0.1291%	8h	107.90	+0.111%	$3.2M	$3.9M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.91	+0.121%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	107.72	−0.058%	$17K	$230K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	107.72	−0.055%	$14.8M	$45.4M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	107.78	0.000%	$1.7M	$2.8M	25x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.78	0.000%	$3.7M	$13.0M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.73	−0.048%	$115K	$153K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	107.89	+0.103%	$815	$114K	10x	as long as short
SunX AAOI-USDTlong	0.0000%	8h	107.78	long leg	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	107.84	+0.056%	$23K	$47K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0008%	8h	107.76	−0.019%	$279K	$66K	20x	as long as short
Lighter AAOI	+0.0032%	1h	107.75	−0.028%	—	—	10x	as long as short
QFEX AAOI-USD	+0.0034%	1h	107.80	+0.019%	$1.1M	$1.8M	10x	as long as short
Popdex AAOIUSDTshort	+0.0048%	1h	107.80	+0.019%	$963	$108K	20x
tradeXYZ xyz:AAOI	+0.0071%	1h	107.71	−0.065%	$1.9M	$1.5M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.76	−0.019%	$443K	$219K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.76	−0.019%	$1K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.75	−0.029%	—	—	10x	as long as short
Paragon para:AAOI	+0.0137%	1h	107.78	−0.002%	$226K	$721K	10x	as long as short
edgeX AAOIUSDC	+0.0212%	4h	107.76	−0.023%	$12K	$266K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0393%	8h	107.78	0.000%	$5.0M	$20.5M	20x	as long as short