Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0223%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Lighter−0.018%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	111.77	0.0032	pay 0.0004% / 1h	0m 22s	—	—	10x
Short	tradeXYZ xyz:AAOI	111.75	0.0255	get 0.0032% / 1h	0m 22s	$2.0M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.018%Rate

Funding earned: $46.9
Price spread: −0.018% → 0.000%: −$1.79
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $27.11
Costs to cover: 0.180%
Break-even: 3.0 days

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	1.34 bp	16.4 bp −$16	doesn't fit	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
Aster AAOIUSDT	0.0000%	8h	111.73	−0.038%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.78	+0.007%	$15K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.81	+0.036%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.82	+0.045%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.81	+0.036%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.87	+0.092%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.73	−0.036%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.87	+0.089%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.69	−0.072%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.78	+0.009%	$1.1M	$2.3M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0017%	8h	111.86	+0.081%	$259K	$63K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0025%	8h	111.89	+0.107%	$4.6M	$19.3M	20x	as long as short
Lighter AAOIlong	+0.0032%	1h	111.77	long leg	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	111.81	+0.036%	$1K	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0050%	4h	111.74	−0.024%	$13K	$264K	10x	as long as short
Bybit AAOIUSDT	+0.0058%	8h	111.84	+0.063%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.77	0.000%	$467K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.78	+0.009%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.77	+0.002%	—	—	10x	as long as short
Paragon para:AAOI	+0.0164%	1h	111.71	−0.054%	$239K	$716K	10x	as long as short
tradeXYZ xyz:AAOIshort	+0.0255%	1h	111.75	−0.018%	$2.0M	$1.4M	10x