Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h —

Price spread now: Lighter against OKX−0.089%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Lighter

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.089% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAOI-USDT-SWAP	111.80	0.0117	pay 0.0117% / 8h	4h 35m	$4.7M	$19.4M	20x
Short	Lighter AAOI	111.70	0.0032	get 0.0004% / 1h	35m 05s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$17.85
Price spread: −0.089% → 0.000%: −$8.94
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Lighter: no order-book sample. 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 OKX live order book, 3 min ago	0.45 bp	8.5 bp −$9	48.2 bp −$482	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	111.65	−0.136%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.65	−0.132%	$17K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.69	−0.098%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.77	−0.027%	$4.0M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.74	−0.054%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.80	0.000%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.78	−0.018%	$753	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.73	−0.063%	$959	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.77	−0.027%	$24K	$42K	20x	as long as short
Paragon para:AAOI	+0.0004%	1h	111.71	−0.081%	$239K	$717K	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	+0.0018%	8h	111.69	−0.098%	$261K	$63K	20x	as long as short
Lighter AAOIshort	+0.0032%	1h	111.70	−0.089%	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	111.74	−0.054%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0053%	1h	111.75	−0.045%	$1.1M	$2.2M	10x	as long as short
Bybit AAOIUSDT	+0.0081%	8h	111.73	−0.063%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.77	−0.027%	$467K	$175K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.69	−0.098%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.69	−0.099%	—	—	10x	as long as short
OKX AAOI-USDT-SWAPlong	+0.0117%	8h	111.80	long leg	$4.7M	$19.4M	20x
tradeXYZ xyz:AAOI	+0.0242%	1h	111.71	−0.081%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0502%	4h	111.80	+0.002%	$13K	$264K	10x	as long as short