Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against Binance−0.075%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 2 days (all we have)+0.098%+$10 · spread now −0.075%, 7d avg +0.021%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.096% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAOIUSDT	110.97	0	get 0.0000% / 8h	5h 51m	$15.0M	$41.6M	20x
Short	Bybit AAOIUSDT	110.89	0	get 0.0000% / 8h	5h 51m	$1.8M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.021%: −$9.63
Slippage, 4 orders: −$31.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.97
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 5 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 Binance live order book, 5 min ago	2.25 bp	10.3 bp −$10	35.3 bp −$353	98.3 bp −$9,827	doesn't fit
Sell Bybit live order book, 5 min ago	2.70 bp	17.2 bp −$17	99.7 bp −$997	doesn't fit	doesn't fit

AAOI on 20 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
Aster AAOIUSDT	0.0000%	8h	110.93	−0.037%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.95	−0.017%	$17K	$211K	10x	as long as short
Binance AAOIUSDTlong	0.0000%	8h	110.97	long leg	$15.0M	$41.6M	20x
Bybit AAOIUSDTshort	0.0000%	8h	110.89	−0.075%	$1.8M	$2.6M	25x
OKX AAOI-USDT-SWAP	0.0000%	8h	111.05	+0.069%	$4.4M	$18.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.01	+0.033%	$4.0M	$13.3M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.01	+0.033%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.85	−0.110%	$152K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	110.83	−0.129%	$662	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	110.90	−0.066%	$1K	$1.2M	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	110.69	−0.255%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	110.99	+0.015%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	110.96	−0.012%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.03	+0.051%	$929	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.93	−0.039%	$464K	$166K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.99	+0.015%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.99	+0.014%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0202%	1h	110.91	−0.057%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0357%	4h	110.85	−0.111%	$13K	$263K	10x	as long as short
Paragon para:AAOI	+0.0476%	1h	110.93	−0.039%	$238K	$712K	10x	as long as short