Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.008%

Price spread now: QFEX against SunX−0.009%7-day average +0.028% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.009%, 7d avg +0.028%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.037% cheaper against SunX than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.028%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.015% in total) that is about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAOI-USDT	109.56	0	get 0.0000% / 8h	3h 21m	$924	$1.2M	10x
Short	QFEX AAOI-USD	109.55	0.0076	get 0.0010% / 1h	21m 53s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $16.04
Price spread: −0.009% → +0.028%: −$3.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.62
Costs to cover: 0.180%
Break-even: 9.5 days

Slippage unknown: SunX: live order book, 2 min ago; QFEX: live order book, 5 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	242.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.82 bp	9.5 bp −$9	13.8 bp −$138	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	−0.0138%	8h	109.78	+0.201%	$2.7M	$3.0M	20x	as long as short
BloFin AAOI-USDT	−0.0002%	8h	109.64	+0.073%	$267K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.60	+0.034%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.55	−0.009%	$14K	$214K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.70	+0.132%	$14.9M	$42.6M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.71	+0.137%	$3.9M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	109.89	+0.301%	$151K	$131K	—	as long as short
SunX AAOI-USDTlong	0.0000%	8h	109.56	long leg	$924	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	109.51	−0.046%	$24K	$44K	20x	as long as short
Lighter AAOI	+0.0032%	1h	109.60	+0.037%	—	—	10x	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	+0.0035%	8h	109.62	+0.058%	$875	$108K	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.61	+0.046%	$1K	$109K	20x	as long as short
QFEX AAOI-USDshort	+0.0076%	1h	109.55	−0.009%	$1.1M	$2.0M	10x
KuCoin AAOIUSDTM	+0.0100%	8h	109.60	+0.037%	$459K	$188K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.54	−0.018%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.52	−0.036%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0108%	4h	110.18	+0.561%	$13K	$263K	10x	as long as short
Bybit AAOIUSDT	+0.0122%	8h	109.78	+0.201%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0327%	8h	109.83	+0.246%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0356%	1h	109.68	+0.110%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0443%	1h	109.41	−0.140%	$231K	$719K	10x	as long as short