Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0224%/8h= −24.6% APRpaid last 24h −0.054%

Price spread now: Gate against tradeXYZ0.000%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 7 days+0.103%+$10 · spread now 0.000%, 7d avg +0.103%

Together, before fees−0.077%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.103% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAOI	107.56	0.0224	pay 0.0028% / 1h	54m 11s	$1.9M	$1.6M	10x
Short	Gate AAOI_USDT	107.56	0	get 0.0000% / 8h	6h 54m	$3.7M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$47.12
Price spread: 0.000% → +0.103%: −$10.29
Slippage, 4 orders: −$38.25
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$128.66
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 4 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 tradeXYZ live order book, 4 min ago	1.85 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.02 bp	18.7 bp −$19	54.3 bp −$543	85.3 bp −$8,526	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	−0.0900%	8h	107.68	+0.112%	$3.2M	$4.2M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.41	−0.142%	$40K	$43K	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	107.65	+0.084%	$1.7M	$2.9M	25x	as long as short
Gate AAOI_USDTshort	0.0000%	8h	107.56	0.000%	$3.7M	$12.6M	50x
Variational Omni AAOI	0.0000%	8h	107.84	+0.264%	$115K	$157K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	107.62	+0.056%	$844	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.07	+0.474%	$24K	$47K	20x	as long as short
QFEX AAOI-USD	+0.0005%	1h	107.43	−0.121%	$1.1M	$1.8M	10x	as long as short
Lighter AAOI	+0.0032%	1h	107.61	+0.046%	—	—	10x	as long as short
BloFin AAOI-USDT	+0.0036%	8h	107.52	−0.037%	$272K	$68K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AAOIUSDT	+0.0048%	1h	107.50	−0.056%	$932	$109K	20x	as long as short
Extended AAOI-USD	+0.0056%	1h	107.62	+0.054%	$16K	$234K	10x	as long as short
Binance AAOIUSDT	+0.0058%	8h	107.64	+0.074%	$14.6M	$48.4M	20x	as long as short
Paragon para:AAOI	+0.0092%	1h	107.37	−0.177%	$224K	$720K	10x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.60	+0.037%	$1K	$14K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.36	−0.186%	$442K	$290K	20x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.70	+0.126%	—	—	10x	as long as short
tradeXYZ xyz:AAOIlong	+0.0224%	1h	107.56	long leg	$1.9M	$1.6M	10x
OKX AAOI-USDT-SWAP	+0.0255%	8h	107.66	+0.093%	$4.8M	$21.4M	20x	as long as short
edgeX AAOIUSDC	+0.0552%	4h	107.93	+0.344%	$12K	$263K	10x	as long as short
GRVT AAOI_USDT_Perp	+0.0756%	8h	107.95	+0.363%	$410	$111K	10x	as long as short