Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: SunX against Popdex−0.009%7-day average −0.057% · you buy dearer than you sell

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

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.009%, 7d avg −0.057%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.048% dearer against Popdex than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.057%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AAOIUSDT	110.03	0.0048	pay 0.0006% / 1h	37m 25s	$1K	$108K	20x
Short	SunX AAOI-USDT	110.02	0	get 0.0000% / 8h	3h 37m	$1K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$10.08
Price spread: −0.009% → −0.057%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$19.72
Costs to cover: 0.144%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 16 min ago; SunX: live order book, 6 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 Popdex live order book, 16 min ago	3.14 bp	23.5 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.45 bp	doesn't fit	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
Aster AAOIUSDT	0.0000%	8h	109.86	−0.157%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.89	−0.130%	$16K	$210K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.01	−0.020%	$14.9M	$42.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.01	−0.018%	$4.0M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.13	+0.091%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.28	+0.228%	$151K	$131K	—	as long as short
SunX AAOI-USDTshort	0.0000%	8h	110.02	−0.009%	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	110.02	−0.009%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0016%	8h	109.94	−0.082%	$268K	$63K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0024%	8h	110.06	+0.027%	$747	$105K	10x	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	109.89	−0.127%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	110.03	long leg	$1K	$108K	20x
QFEX AAOI-USD	+0.0076%	1h	109.92	−0.100%	$1.2M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.91	−0.109%	$460K	$186K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.97	−0.055%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.98	−0.047%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0117%	8h	109.99	−0.036%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0301%	8h	110.11	+0.073%	$4.7M	$19.5M	20x	as long as short
edgeX AAOIUSDC	+0.0302%	4h	110.01	−0.023%	$13K	$264K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0341%	1h	109.98	−0.045%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0475%	1h	109.81	−0.200%	$232K	$719K	10x	as long as short