Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Bitget against Popdex+0.054%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on Popdex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.054%, 7d avg −0.015%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.069% dearer against Popdex than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.015%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AAOIUSDT	111.66	0.0048	pay 0.0006% / 1h	8m 41s	$1K	$109K	20x
Short	Bitget AAOIUSDT	111.72	0	get 0.0000% / 8h	4h 08m	$2.8M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Popdex. 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 PopdexbpFee BitgetbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$10.08
Price spread: +0.054% → −0.015%: $6.91
Slippage, 4 orders: −$74.51
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$96.08
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from Popdex: live order book, 50 min ago; Bitget: live order book, 4 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 Popdex live order book, 50 min ago	2.68 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.79 bp	18.0 bp −$18	26.0 bp −$260	96.4 bp −$9,636	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
Aster AAOIUSDT	0.0000%	8h	111.66	+0.001%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.67	+0.008%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.70	+0.036%	$15.1M	$42.0M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.73	+0.063%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDTshort	0.0000%	8h	111.72	+0.054%	$2.8M	$3.0M	20x
Variational Omni AAOI	0.0000%	8h	111.67	+0.013%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.75	+0.081%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.51	−0.134%	$24K	$43K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0008%	8h	111.70	+0.033%	$671	$104K	10x	as long as short
BloFin AAOI-USDT	+0.0024%	8h	111.75	+0.081%	$266K	$64K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	111.66	0.000%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	111.66	long leg	$1K	$109K	20x
QFEX AAOI-USD	+0.0053%	1h	111.65	−0.009%	$1.1M	$2.1M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.57	−0.081%	$238K	$718K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.72	+0.054%	$468K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.70	+0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.70	+0.032%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0122%	8h	111.68	+0.018%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0236%	8h	111.73	+0.063%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0311%	1h	111.63	−0.027%	$2.0M	$1.3M	10x	as long as short
edgeX AAOIUSDC	+0.0470%	4h	111.69	+0.024%	$13K	$263K	10x	as long as short