Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0255%/8h= +28.0% APRpaid last 24h +0.041%

Price spread now: tradeXYZ against Binance−0.054%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.054%, 7d avg −0.096%

Together, before fees+0.131%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.096%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAOIUSDT	111.81	0	get 0.0000% / 8h	5h 00m	$15.2M	$41.9M	20x
Short	tradeXYZ xyz:AAOI	111.75	0.0255	get 0.0032% / 1h	0m 44s	$2.0M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: $53.65
Price spread: −0.054% → −0.096%: $4.22
Slippage, 4 orders: −$21.86
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $8.01
Costs to cover: 0.499%
Break-even: 6.0 days

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 7 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, 11 min ago	0.45 bp	8.3 bp −$8	27.5 bp −$275	87.9 bp −$8,791	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.34 bp	16.4 bp −$16	doesn't fit	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
Aster AAOIUSDT	0.0000%	8h	111.73	−0.069%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.85	+0.039%	$15K	$211K	10x	as long as short
Binance AAOIUSDTlong	0.0000%	8h	111.81	long leg	$15.2M	$41.9M	20x
Gate AAOI_USDT	0.0000%	8h	111.90	+0.080%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.87	+0.054%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.87	+0.057%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.73	−0.072%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.87	+0.054%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.69	−0.107%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.81	0.000%	$1.1M	$2.3M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0017%	8h	111.86	+0.045%	$259K	$63K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0020%	8h	111.91	+0.089%	$4.7M	$19.3M	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.77	−0.036%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.89	+0.072%	$1K	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0050%	4h	111.74	−0.060%	$13K	$264K	10x	as long as short
Bybit AAOIUSDT	+0.0058%	8h	111.84	+0.027%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.76	−0.045%	$467K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.82	+0.009%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.82	+0.005%	—	—	10x	as long as short
Paragon para:AAOI	+0.0164%	1h	111.71	−0.089%	$239K	$716K	10x	as long as short
tradeXYZ xyz:AAOIshort	+0.0255%	1h	111.75	−0.054%	$2.0M	$1.4M	10x