Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h −0.065%

Price spread now: tradeXYZ against edgeX+0.051%106s7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.589% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.587%−$59 on $10k

Price spread, last 4 days (all we have)−0.827%−$83 · spread now +0.051%, 7d avg −0.057%

Together, before fees−1.414%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$141 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.108% dearer against edgeX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.587%, so the current rate has only just turned in your favour. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAOIUSDC	111.74	0.0050	pay 0.0025% / 4h	59m 37s	$13K	$264K	10x
Short	tradeXYZ xyz:AAOI	111.80	0.0142	get 0.0018% / 1h	59m 37s	$2.0M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against edgeX. 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 edgeXbpFee tradeXYZbpOrdersPrice spread, now +0.051%Rate

Funding earned: $19.5
Price spread: +0.051% → −0.057%: $10.75
Slippage, 4 orders: −$31.85
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.6
Costs to cover: 0.589%
Break-even: 17.3 days

Slippage from edgeX: live order book, 63 min ago; tradeXYZ: live order book, 8 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 edgeX live order book, 63 min ago	3.16 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 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	−0.021%	$239K	$716K	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.74	−0.006%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.84	+0.086%	$15K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.84	+0.087%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.86	+0.105%	$4.0M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.84	+0.087%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.87	+0.116%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.73	−0.012%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.80	+0.051%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.82	+0.069%	$24K	$42K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AAOI-USD	+0.0017%	1h	111.78	+0.033%	$1.1M	$2.3M	10x	as long as short
BloFin AAOI-USDT	+0.0017%	8h	111.86	+0.105%	$259K	$63K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0025%	8h	111.94	+0.176%	$4.6M	$19.3M	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.81	+0.060%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.81	+0.060%	$1K	$109K	20x	as long as short
edgeX AAOIUSDClong	+0.0050%	4h	111.74	long leg	$13K	$264K	10x
Bybit AAOIUSDT	+0.0062%	8h	111.89	+0.131%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.78	+0.033%	$467K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.78	+0.033%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.77	+0.026%	—	—	10x	as long as short
tradeXYZ xyz:AAOIshort	+0.0142%	1h	111.80	+0.051%	$2.0M	$1.4M	10x