Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h +0.007%

Price spread now: QFEX against Bybit−0.018%7-day average −0.057% · 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−$42as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.018%, 7d avg −0.057%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.039% dearer against Bybit than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.057%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAOIUSDT	111.65	0.0114	pay 0.0114% / 8h	4h 11m	$1.8M	$2.6M	25x
Short	QFEX AAOI-USD	111.63	0.0053	get 0.0007% / 1h	11m 37s	$1.1M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$12.79
Price spread: −0.018% → −0.057%: $3.9
Slippage, 4 orders: −$24.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$54.54
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; QFEX: live order book, 6 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 Bybit live order book, 1 min ago	2.69 bp	11.6 bp −$12	83.0 bp −$830	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.34 bp	7.2 bp −$7	12.7 bp −$127	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-USDT	−0.0012%	8h	111.59	−0.054%	$266K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.55	−0.090%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.64	−0.010%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.67	+0.018%	$15.2M	$42.0M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.66	+0.009%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.68	+0.027%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.66	+0.005%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.63	−0.018%	$997	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.64	−0.009%	$24K	$43K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0004%	8h	111.63	−0.018%	$671	$104K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	111.63	−0.018%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.65	0.000%	$1K	$109K	20x	as long as short
QFEX AAOI-USDshort	+0.0053%	1h	111.63	−0.018%	$1.1M	$2.1M	10x
Paragon para:AAOI	+0.0060%	1h	111.56	−0.081%	$238K	$718K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.64	−0.009%	$466K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.59	−0.054%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.58	−0.067%	—	—	10x	as long as short
Bybit AAOIUSDTlong	+0.0114%	8h	111.65	long leg	$1.8M	$2.6M	25x
edgeX AAOIUSDC	+0.0165%	4h	111.60	−0.043%	$13K	$265K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0227%	8h	111.70	+0.045%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0305%	1h	111.62	−0.027%	$2.0M	$1.3M	10x	as long as short