Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h 0.000%

Price spread now: QFEX against BloFin−0.009%7-day average −0.007% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.009%, 7d avg −0.007%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, 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 −0.132%, 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	BloFin AAOI-USDT	111.19	−0.0028	get 0.0028% / 8h	5h 24m	$212K	$62K	20x
Short	QFEX AAOI-USD	111.18	0.0017	get 0.0002% / 1h	24m 06s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $9.49
Price spread: −0.009% → −0.007%: −$0.17
Slippage, 4 orders: −$18.88
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$31.57
Costs to cover: 0.409%
Break-even: 30.3 days

Slippage from BloFin: live order book, 15 min ago; QFEX: live order book, 3 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 BloFin live order book, 15 min ago	2.25 bp	10.2 bp −$10	21.9 bp −$219	65.1 bp −$6,514	doesn't fit
Sell QFEX live order book, 3 min ago	1.35 bp	10.7 bp −$11	14.1 bp −$141	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
BloFin AAOI-USDTlong	−0.0028%	8h	111.19	long leg	$212K	$62K	20x
Aster AAOIUSDT	0.0000%	8h	111.24	+0.041%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.22	+0.023%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.33	+0.125%	$15.1M	$41.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.37	+0.162%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.51	+0.288%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.33	+0.126%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.36	+0.153%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	+0.047%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.28	+0.085%	$664	$102K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAOI-USDT	0.0000%	8h	111.22	+0.027%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.24	+0.045%	$24K	$42K	20x	as long as short
QFEX AAOI-USDshort	+0.0017%	1h	111.18	−0.009%	$1.1M	$2.3M	10x
Lighter AAOI	+0.0032%	1h	111.24	+0.045%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.26	+0.063%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.28	+0.081%	$466K	$170K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.25	+0.054%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.24	+0.046%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0233%	1h	111.40	+0.189%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0270%	1h	111.25	+0.054%	$238K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0515%	4h	111.27	+0.076%	$13K	$262K	10x	as long as short