Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0415%/8h= +45.4% APRpaid last 24h +0.081%

Price spread now: edgeX against KuCoin−0.050%113s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$792as 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−$8798.785% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.861%+$86 on $10k

Price spread, last 4 days (all we have)+0.734%+$73 · spread now −0.050%, 7d avg +0.054%

Together, before fees+1.594%+ Points / potential airdropedgeX: Active · farm board+$159 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.054%). If the spread goes back, that is −$10 on $10k: about 20 hours of funding at the current rate (+$12 a day). The two prices were read 113 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	KuCoin AAOIUSDTM	111.33	0.0100	pay 0.0100% / 8h	5h 23m	$466K	$170K	20x
Short	edgeX AAOIUSDC	111.27	0.0515	get 0.0257% / 4h	1h 23m	$13K	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $87.11
Price spread: −0.050% → +0.054%: −$10.39
Slippage, 4 orders: −$857.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$801.79
Costs to cover: 8.785%
Break-even: 71.4 days

Slippage from KuCoin: live order book, 74 min ago; edgeX: live order book, 39 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 KuCoin live order book, 74 min ago	8.59 bp	460.4 bp −$460	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	3.16 bp	14.3 bp −$14	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
BloFin AAOI-USDT	−0.0028%	8h	111.19	−0.126%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.28	−0.043%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.30	−0.026%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.34	+0.009%	$15.1M	$41.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.40	+0.063%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.43	+0.090%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.39	+0.054%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.37	+0.036%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	−0.079%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.28	−0.041%	$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	−0.099%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.24	−0.081%	$24K	$42K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.18	−0.135%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.27	−0.054%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.26	−0.063%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTMlong	+0.0100%	8h	111.33	long leg	$466K	$170K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.25	−0.072%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.24	−0.080%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0233%	1h	111.35	+0.018%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0280%	1h	111.34	+0.010%	$239K	$712K	10x	as long as short
edgeX AAOIUSDCshort	+0.0515%	4h	111.27	−0.050%	$13K	$262K	10x