Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.038%

Price spread now: tradeXYZ against BloFin−0.036%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.245%+$24 · spread now −0.036%, 7d avg −0.029%

Together, before fees+0.318%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% 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	BloFin AAOI-USDT	111.85	−0.0004	get 0.0004% / 8h	4h 59m	$259K	$63K	20x
Short	tradeXYZ xyz:AAOI	111.81	0.0191	get 0.0024% / 1h	59m 00s	$2.0M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.036%Rate

Funding earned: $41.02
Price spread: −0.036% → −0.029%: −$0.68
Slippage, 4 orders: −$24.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.42
Costs to cover: 0.548%
Break-even: 9.5 days

Slippage from BloFin: live order book, 40 min ago; tradeXYZ: live order book, 9 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, 40 min ago	2.25 bp	10.2 bp −$10	21.9 bp −$219	65.1 bp −$6,514	doesn't fit
Sell tradeXYZ live order book, 9 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
Paragon para:AAOI	−0.0168%	1h	111.72	−0.116%	$239K	$716K	10x	as long as short
BloFin AAOI-USDTlong	−0.0004%	8h	111.85	long leg	$259K	$63K	20x
Aster AAOIUSDT	0.0000%	8h	111.81	−0.035%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.82	−0.023%	$15K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.80	−0.045%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.86	+0.009%	$4.0M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.87	+0.018%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.87	+0.021%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.87	+0.018%	$614	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.86	+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	111.82	−0.027%	$24K	$42K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0028%	8h	111.94	+0.080%	$4.6M	$19.3M	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.81	−0.036%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.85	0.000%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0053%	1h	111.80	−0.045%	$1.1M	$2.3M	10x	as long as short
Bybit AAOIUSDT	+0.0062%	8h	111.87	+0.018%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.80	−0.045%	$468K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.82	−0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.82	−0.030%	—	—	10x	as long as short
tradeXYZ xyz:AAOIshort	+0.0191%	1h	111.81	−0.036%	$2.0M	$1.4M	10x
edgeX AAOIUSDC	+0.0760%	4h	111.86	+0.012%	$13K	$265K	10x	as long as short