Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h —

Price spread now: Lighter against Orderly+0.046%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread pays, funding is against you. Lighter is 0.046% dearer against Orderly than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAOI_USDC_mythos	108.85	0.0100	pay 0.0100% / 8h	2h 09m	$2K	$13K	10x
Short	Lighter AAOI	108.90	0.0032	get 0.0004% / 1h	9m 48s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$14.28
Price spread: +0.046% → 0.000%: $4.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.69
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Orderly and 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
Bitget AAOIUSDT	−0.1463%	8h	108.97	+0.110%	$3.0M	$3.6M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.83	−0.017%	$40K	$37K	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	108.90	+0.046%	$3.8M	$13.3M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	108.80	−0.045%	$149K	$127K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	108.90	+0.046%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.83	−0.018%	$24K	$46K	20x	as long as short
Binance AAOIUSDT	+0.0013%	8h	108.86	+0.009%	$14.8M	$44.4M	20x	as long as short
Extended AAOI-USD	+0.0016%	1h	108.85	+0.003%	$14K	$234K	10x	as long as short
Lighter AAOIshort	+0.0032%	1h	108.90	+0.046%	—	—	10x
GRVT AAOI_USDT_Perp	+0.0033%	8h	108.22	−0.579%	$397	$116K	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	+0.0036%	8h	108.80	−0.046%	$276K	$64K	20x	as long as short
Bybit AAOIUSDT	+0.0047%	8h	108.86	+0.009%	$1.7M	$2.8M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	108.76	−0.083%	$183	$110K	20x	as long as short
QFEX AAOI-USD	+0.0054%	1h	108.73	−0.110%	$1.1M	$1.9M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	108.80	−0.046%	$456K	$199K	20x	as long as short
Orderly PERP_AAOI_USDC_mythoslong	+0.0100%	8h	108.85	long leg	$2K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	108.91	+0.052%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0268%	1h	108.81	−0.037%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0322%	1h	108.81	−0.040%	$228K	$721K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0421%	8h	108.95	+0.092%	$5.0M	$20.4M	20x	as long as short
edgeX AAOIUSDC	+0.0838%	4h	108.49	−0.333%	$13K	$263K	10x	as long as short