Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.008%

Price spread now: Bybit against QFEX+0.084%7-day average +0.057% · 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−$49as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.084%, 7d avg +0.057%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.027% dearer against QFEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAOI-USD	107.75	0.0005	pay 0.0001% / 1h	10m 24s	$1.1M	$1.8M	10x
Short	Bybit AAOIUSDT	107.84	0	get 0.0000% / 8h	6h 10m	$1.7M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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 QFEXbpFee BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$1.14
Price spread: +0.084% → +0.057%: $2.67
Slippage, 4 orders: −$30.72
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.19
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 5 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 QFEX live order book, 5 min ago	2.32 bp	10.0 bp −$10	14.5 bp −$145	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.39 bp	18.3 bp −$18	100.9 bp −$1,009	doesn't fit	doesn't fit

AAOI on 21 exchanges

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	−0.0546%	8h	107.86	+0.102%	$3.2M	$4.2M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.74	−0.007%	$40K	$43K	20x	as long as short
Bybit AAOIUSDTshort	0.0000%	8h	107.84	+0.084%	$1.7M	$2.9M	25x
Gate AAOI_USDT	0.0000%	8h	107.88	+0.121%	$3.8M	$12.8M	50x	as long as short
SunX AAOI-USDT	0.0000%	8h	107.89	+0.130%	$1K	$1.1M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.86	+0.102%	$24K	$47K	20x	as long as short
QFEX AAOI-USDlong	+0.0005%	1h	107.75	long leg	$1.1M	$1.8M	10x
Lighter AAOI	+0.0032%	1h	107.85	+0.093%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.83	+0.074%	$997	$109K	20x	as long as short
Variational Omni AAOI	+0.0055%	8h	107.83	+0.075%	$115K	$156K	—	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.80	+0.046%	$1K	$14K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.75	0.000%	$443K	$338K	20x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.81	+0.057%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0168%	4h	107.74	−0.014%	$12K	$265K	10x	as long as short
BloFin AAOI-USDT	+0.0188%	8h	107.83	+0.074%	$272K	$70K	20x	as long as short
Extended AAOI-USD	+0.0192%	1h	107.78	+0.023%	$14K	$229K	10x	as long as short
Binance AAOIUSDT	+0.0194%	8h	107.79	+0.037%	$14.6M	$48.9M	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0242%	8h	107.88	+0.121%	$4.8M	$21.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0252%	1h	107.78	+0.028%	$1.9M	$1.7M	10x	as long as short
Paragon para:AAOI	+0.0262%	1h	107.85	+0.093%	$225K	$720K	10x	as long as short
GRVT AAOI_USDT_Perp	+0.0724%	8h	107.73	−0.019%	$394	$111K	10x	as long as short