Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.023%

Price spread now: KuCoin against QFEX−0.072%7-day average −0.017% · 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−$810as in the Price arb table

costs, in and out, $10k−$8058.046% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.072%, 7d avg −0.017%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.055% cheaper against QFEX than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.017%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAOI-USD	111.47	0.0017	pay 0.0002% / 1h	21m 34s	$1.1M	$2.3M	10x
Short	KuCoin AAOIUSDTM	111.39	0.0100	get 0.0100% / 8h	5h 21m	$466K	$171K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $17.46
Price spread: −0.072% → −0.017%: −$5.5
Slippage, 4 orders: −$782.58
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$792.62
Costs to cover: 8.046%
Break-even: 324.9 days

Slippage from QFEX: live order book, 6 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 QFEX live order book, 6 min ago	1.35 bp	6.3 bp −$6	11.2 bp −$112	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	−0.170%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.34	−0.114%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.41	−0.053%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.46	−0.011%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.60	+0.117%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.48	+0.009%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.51	+0.036%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	−0.204%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.36	−0.102%	$562	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.40	−0.063%	$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	−0.206%	$24K	$42K	20x	as long as short
Bybit AAOIUSDT	+0.0005%	8h	111.50	+0.027%	$1.8M	$2.6M	25x	as long as short
QFEX AAOI-USDlong	+0.0017%	1h	111.47	long leg	$1.1M	$2.3M	10x
Lighter AAOI	+0.0032%	1h	111.38	−0.081%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.52	+0.045%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTMshort	+0.0100%	8h	111.39	−0.072%	$466K	$171K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.34	−0.117%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.34	−0.120%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0231%	1h	111.49	+0.018%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0303%	1h	111.47	0.000%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0933%	4h	111.17	−0.272%	$13K	$263K	10x	as long as short