Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.016%

Price spread now: Popdex against KuCoin+0.108%7-day average +0.048% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$816as in the Price arb table

costs, in and out, $10k−$8228.220% of the position

Long on KuCoin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.108%, 7d avg +0.048%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.060% dearer against KuCoin than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.048%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 4 days (−0.026% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAOIUSDTM	111.40	0.0100	pay 0.0100% / 8h	5h 21m	$466K	$171K	20x
Short	Popdex AAOIUSDT	111.52	0.0048	get 0.0006% / 1h	21m 26s	$1K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$10.92
Price spread: +0.108% → +0.048%: $6
Slippage, 4 orders: −$803.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$826.9
Costs to cover: 8.220%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Popdex: live order book, 42 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, 1 min ago	10.77 bp	428.4 bp −$428	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 42 min ago	2.71 bp	18.8 bp −$19	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	−0.0006%	8h	111.28	−0.108%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.35	−0.041%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.46	+0.057%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.48	+0.074%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.63	+0.206%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.50	+0.090%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.53	+0.117%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	−0.142%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.36	−0.039%	$562	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.56	+0.144%	$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	111.24	−0.144%	$24K	$42K	20x	as long as short
Bybit AAOIUSDT	+0.0005%	8h	111.50	+0.090%	$1.8M	$2.6M	25x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.47	+0.063%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.38	−0.018%	—	—	10x	as long as short
Popdex AAOIUSDTshort	+0.0048%	1h	111.52	+0.108%	$1K	$109K	20x
KuCoin AAOIUSDTMlong	+0.0100%	8h	111.40	long leg	$466K	$171K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.36	−0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.37	−0.031%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0232%	1h	111.54	+0.126%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0303%	1h	111.47	+0.063%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0933%	4h	111.17	−0.209%	$13K	$263K	10x	as long as short