Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: OKX against Lighter+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. OKX is 0.081% dearer against Lighter than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	111.54	0.0032	pay 0.0004% / 1h	0m 06s	—	—	10x
Short	OKX AAOI-USDT-SWAP	111.63	0	get 0.0000% / 8h	7h 00m	$4.4M	$19.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Lighter. 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 LighterbpFee OKXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$6.72
Price spread: +0.081% → 0.000%: $8.07
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.

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 Lighter no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	0.45 bp	9.8 bp −$10	29.6 bp −$296	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
QFEX AAOI-USD	−0.0006%	1h	111.55	+0.009%	$1.1M	$2.5M	10x	as long as short
BloFin AAOI-USDT	0.0000%	8h	111.65	+0.099%	$247K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.55	+0.013%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.52	−0.016%	$15K	$203K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.55	+0.009%	$15.2M	$42.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.63	+0.081%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAPshort	0.0000%	8h	111.63	+0.081%	$4.4M	$19.2M	20x
Gate AAOI_USDT	0.0000%	8h	111.68	+0.126%	$4.1M	$25.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.61	+0.063%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.59	+0.045%	$153K	$164K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAOI_USDT_Perp	0.0000%	8h	111.80	+0.235%	$324	$100K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.56	+0.018%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.48	−0.054%	$24K	$39K	20x	as long as short
Lighter AAOIlong	+0.0032%	1h	111.54	long leg	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	111.61	+0.063%	$441	$108K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.75	+0.185%	$270K	$686K	10x	as long as short
edgeX AAOIUSDC	+0.0090%	4h	111.58	+0.038%	$13K	$264K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.59	+0.045%	$468K	$164K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.56	+0.018%	$2K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.55	+0.011%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0273%	1h	111.58	+0.036%	$2.0M	$1.4M	10x	as long as short