Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.022%

Price spread now: Orderly against tradeXYZ−0.064%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.064% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAOI	108.86	0.0250	pay 0.0031% / 1h	45m 42s	$2.0M	$1.4M	10x
Short	Orderly PERP_AAOI_USDC_mythos	108.79	0.0100	get 0.0100% / 8h	2h 45m	$2K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.064%Rate

Funding earned: −$31.49
Price spread: −0.064% → 0.000%: −$6.43
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$61.92
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 2 min ago; Orderly: no order-book sample. 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 tradeXYZ live order book, 2 min ago	2.30 bp	17.3 bp −$17	39.7 bp −$397	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0988%	8h	108.94	+0.073%	$2.8M	$3.3M	20x	as long as short
BloFin AAOI-USDT	−0.0020%	8h	108.95	+0.083%	$271K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.80	−0.060%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	108.82	−0.036%	$15K	$235K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	108.90	+0.036%	$14.8M	$43.6M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	108.83	−0.028%	$3.8M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	108.82	−0.040%	$149K	$129K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	108.87	+0.009%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.93	+0.064%	$24K	$45K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0025%	8h	109.15	+0.266%	$661	$113K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	108.83	−0.028%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	108.92	+0.055%	$183	$110K	20x	as long as short
QFEX AAOI-USD	+0.0054%	1h	108.98	+0.110%	$1.1M	$2.0M	10x	as long as short
Bybit AAOIUSDT	+0.0084%	8h	108.87	+0.009%	$1.7M	$2.7M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	108.80	−0.055%	$456K	$195K	20x	as long as short
Orderly PERP_AAOI_USDC_mythosshort	+0.0100%	8h	108.79	−0.064%	$2K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	108.81	−0.044%	—	—	10x	as long as short
tradeXYZ xyz:AAOIlong	+0.0250%	1h	108.86	long leg	$2.0M	$1.4M	10x
edgeX AAOIUSDC	+0.0287%	4h	108.97	+0.104%	$13K	$264K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0385%	8h	108.99	+0.119%	$4.9M	$20.0M	20x	as long as short
Paragon para:AAOI	+0.0449%	1h	108.81	−0.043%	$229K	$720K	10x	as long as short