Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.016%

Price spread now: KuCoin against Popdex−0.108%7-day average −0.048% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$828as in the Price arb table

costs, in and out, $10k−$8228.220% of the position

Long on Popdex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.108%, 7d avg −0.048%

Together, before fees+0.194%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.060% cheaper against Popdex than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.048%). If the spread goes back, that is −$6 on $10k: about 3.8 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.026% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AAOIUSDT	111.52	0.0048	pay 0.0006% / 1h	21m 20s	$1K	$109K	20x
Short	KuCoin AAOIUSDTM	111.40	0.0100	get 0.0100% / 8h	5h 21m	$466K	$171K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.108%Rate

Funding earned: $10.92
Price spread: −0.108% → −0.048%: −$5.99
Slippage, 4 orders: −$803.58
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$817.04
Costs to cover: 8.220%
Break-even: 530.7 days

Slippage from Popdex: live order book, 42 min ago; KuCoin: live order book, 1 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, 42 min ago	2.71 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	10.77 bp	359.2 bp −$359	doesn't fit	doesn't fit	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
BloFin AAOI-USDT	−0.0006%	8h	111.28	−0.215%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.35	−0.148%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.46	−0.051%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.48	−0.033%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.63	+0.099%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.50	−0.018%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.53	+0.009%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	−0.249%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.36	−0.146%	$562	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.56	+0.036%	$1K	$1.2M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	111.24	−0.251%	$24K	$42K	20x	as long as short
Bybit AAOIUSDT	+0.0005%	8h	111.50	−0.018%	$1.8M	$2.6M	25x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.47	−0.045%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.38	−0.126%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	111.52	long leg	$1K	$109K	20x
KuCoin AAOIUSDTMshort	+0.0100%	8h	111.40	−0.108%	$466K	$171K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.36	−0.143%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.37	−0.138%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0232%	1h	111.54	+0.018%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0303%	1h	111.47	−0.045%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0933%	4h	111.17	−0.316%	$13K	$263K	10x	as long as short