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 0.000%

Price spread now: Bybit against Bitget−0.027%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.027%, 7d avg +0.006%

Together, before fees−0.032%−$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 0.033% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAOIUSDT	111.28	0	get 0.0000% / 8h	5h 27m	$2.7M	$3.0M	20x
Short	Bybit AAOIUSDT	111.25	0	get 0.0000% / 8h	5h 27m	$1.8M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.006%: −$3.27
Slippage, 4 orders: −$39.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$65.95
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; 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 Bitget live order book, just now	1.80 bp	17.3 bp −$17	36.0 bp −$360	106.5 bp −$10.6K	doesn't fit
Sell Bybit live order book, 5 min ago	2.24 bp	16.7 bp −$17	92.0 bp −$920	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	111.21	−0.064%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.24	−0.037%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.26	−0.018%	$15.1M	$41.7M	20x	as long as short
Bybit AAOIUSDTshort	0.0000%	8h	111.25	−0.027%	$1.8M	$2.6M	25x
OKX AAOI-USDT-SWAP	0.0000%	8h	111.41	+0.117%	$4.5M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.29	+0.009%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDTlong	0.0000%	8h	111.28	long leg	$2.7M	$3.0M	20x
Variational Omni AAOI	0.0000%	8h	111.48	+0.182%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.57	+0.260%	$672	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.29	+0.009%	$1K	$1.2M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	111.17	−0.099%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.23	−0.045%	$1.1M	$2.3M	10x	as long as short
BloFin AAOI-USDT	+0.0022%	8h	111.32	+0.036%	$255K	$62K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.22	−0.054%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.26	−0.018%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.29	+0.009%	$466K	$171K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.25	−0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.26	−0.016%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0225%	1h	111.22	−0.054%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0257%	1h	111.41	+0.117%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0334%	4h	111.52	+0.216%	$13K	$262K	10x	as long as short