Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.023%

Price spread now: QFEX against KuCoin−0.036%56s7-day average +0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$8058.046% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now −0.036%, 7d avg +0.017%

Together, before fees−0.135%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 56 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	111.39	0.0100	pay 0.0100% / 8h	5h 21m	$466K	$171K	20x
Short	QFEX AAOI-USD	111.35	0.0017	get 0.0002% / 1h	21m 42s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$17.46
Price spread: −0.036% → +0.017%: −$5.27
Slippage, 4 orders: −$782.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$827.31
Costs to cover: 8.046%
Break-even: never at this rate

Slippage from KuCoin: 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 KuCoin live order book, 1 min ago	10.77 bp	428.4 bp −$428	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.35 bp	10.7 bp −$11	14.1 bp −$141	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	−0.099%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.32	−0.060%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.36	−0.023%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.45	+0.056%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.60	+0.189%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.44	+0.045%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.49	+0.090%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	−0.133%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.28	−0.094%	$664	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.40	+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	111.24	−0.135%	$24K	$42K	20x	as long as short
Bybit AAOIUSDT	+0.0005%	8h	111.52	+0.117%	$1.8M	$2.6M	25x	as long as short
QFEX AAOI-USDshort	+0.0017%	1h	111.35	−0.036%	$1.1M	$2.3M	10x
Lighter AAOI	+0.0032%	1h	111.38	−0.009%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.39	0.000%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTMlong	+0.0100%	8h	111.39	long leg	$466K	$171K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.34	−0.045%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.34	−0.048%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0231%	1h	111.49	+0.090%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0303%	1h	111.47	+0.072%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0933%	4h	111.17	−0.200%	$13K	$263K	10x	as long as short