Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.009%

Price spread now: Popdex against Binance0.000%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 2 days (all we have)+0.004%$0 · spread now 0.000%, 7d avg +0.010%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAOIUSDT	110.89	0	get 0.0000% / 8h	5h 49m	$15.0M	$41.7M	20x
Short	Popdex AAOIUSDT	110.89	0.0048	get 0.0006% / 1h	49m 18s	$861	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $10.08
Price spread: 0.000% → +0.010%: −$0.97
Slippage, 4 orders: −$40.27
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$47.56
Costs to cover: 0.567%
Break-even: 40.0 days

Slippage from Binance: live order book, 8 min ago; Popdex: live order book, 14 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, 8 min ago	2.25 bp	10.3 bp −$10	35.3 bp −$353	98.3 bp −$9,827	doesn't fit
Sell Popdex live order book, 14 min ago	2.71 bp	18.8 bp −$19	doesn't fit	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	110.83	−0.056%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.83	−0.054%	$17K	$211K	10x	as long as short
Binance AAOIUSDTlong	0.0000%	8h	110.89	long leg	$15.0M	$41.7M	20x
Bybit AAOIUSDT	0.0000%	8h	110.90	+0.009%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	110.94	+0.045%	$4.5M	$18.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.92	+0.027%	$4.0M	$13.3M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.89	0.000%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.99	+0.089%	$152K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.01	+0.109%	$426	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.04	+0.135%	$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	111.12	+0.207%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	110.88	−0.009%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	110.88	−0.009%	—	—	10x	as long as short
Popdex AAOIUSDTshort	+0.0048%	1h	110.89	0.000%	$861	$109K	20x
KuCoin AAOIUSDTM	+0.0100%	8h	110.89	0.000%	$464K	$167K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.84	−0.045%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.83	−0.055%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0186%	1h	110.90	+0.009%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0427%	1h	110.93	+0.038%	$238K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0677%	4h	110.89	+0.001%	$13K	$263K	10x	as long as short