Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Popdex against SunX−0.027%7-day average +0.059% · you buy dearer than you sell

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

Long on SunX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.027%, 7d avg +0.059%

Together, before fees+0.135%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.086% cheaper against SunX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.059%). If the spread goes back, that is −$9 on $10k: about 6.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAOI-USDT	111.04	0	get 0.0000% / 8h	5h 50m	$1K	$1.2M	10x
Short	Popdex AAOIUSDT	111.01	0.0048	get 0.0006% / 1h	50m 40s	$879	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against SunX. 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 SunXbpFee PopdexbpOrdersPrice spread, now −0.027%Rate

Funding earned: $10.08
Price spread: −0.027% → +0.059%: −$8.57
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$12.89
Costs to cover: 0.144%
Break-even: 16.0 days

Slippage unknown: SunX: live order book, 3 min ago; Popdex: live order book, 13 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 SunX live order book, 3 min ago	500.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 13 min ago	2.71 bp	18.8 bp −$19	doesn't fit	doesn't fit	doesn't fit

AAOI on 20 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	110.91	−0.115%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.99	−0.047%	$17K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.02	−0.015%	$15.0M	$41.6M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.08	+0.036%	$4.4M	$18.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.06	+0.018%	$4.0M	$13.3M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.04	0.000%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.99	−0.047%	$152K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	110.90	−0.127%	$426	$102K	10x	as long as short
SunX AAOI-USDTlong	0.0000%	8h	111.04	long leg	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	111.12	+0.072%	$24K	$41K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AAOIUSDT	+0.0002%	8h	111.03	−0.009%	$1.8M	$2.6M	25x	as long as short
QFEX AAOI-USD	+0.0017%	1h	110.97	−0.063%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	110.97	−0.063%	—	—	10x	as long as short
Popdex AAOIUSDTshort	+0.0048%	1h	111.01	−0.027%	$879	$109K	20x
KuCoin AAOIUSDTM	+0.0100%	8h	110.93	−0.099%	$464K	$167K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.98	−0.054%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.98	−0.051%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0203%	1h	110.98	−0.054%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0426%	1h	110.98	−0.052%	$238K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0677%	4h	110.89	−0.134%	$13K	$263K	10x	as long as short