Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.008%

Price spread now: QFEX against SunX−0.019%7-day average +0.027% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.019%, 7d avg +0.027%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.046% cheaper against SunX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.027%). If the spread goes back, that is −$5 on $10k: about 4.5 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.017% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAOI-USDT	107.87	0	get 0.0000% / 8h	32m 03s	$1K	$1.2M	10x
Short	QFEX AAOI-USD	107.85	0.0034	get 0.0004% / 1h	32m 03s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $7.12
Price spread: −0.019% → +0.027%: −$4.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.47
Costs to cover: 0.180%
Break-even: 22.2 days

Slippage unknown: SunX: live order book, 1 min ago; QFEX: live order book, 5 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, 1 min ago	500.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.32 bp	9.1 bp −$9	12.8 bp −$128	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
Bitget AAOIUSDT	−0.1368%	8h	107.98	+0.102%	$3.2M	$3.9M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.91	+0.037%	$40K	$37K	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.84	−0.028%	$3.7M	$12.9M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.83	−0.033%	$116K	$159K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	107.85	−0.015%	$863	$114K	10x	as long as short
SunX AAOI-USDTlong	0.0000%	8h	107.87	long leg	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	107.83	−0.037%	$23K	$47K	20x	as long as short
Bybit AAOIUSDT	+0.0004%	8h	107.92	+0.046%	$1.7M	$2.8M	25x	as long as short
Binance AAOIUSDT	+0.0020%	8h	107.89	+0.014%	$14.8M	$45.3M	20x	as long as short
Extended AAOI-USD	+0.0024%	1h	107.82	−0.045%	$14K	$228K	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	107.85	−0.019%	—	—	10x	as long as short
QFEX AAOI-USDshort	+0.0034%	1h	107.85	−0.019%	$1.1M	$1.8M	10x
BloFin AAOI-USDT	+0.0037%	8h	107.82	−0.046%	$277K	$66K	20x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.87	0.000%	$1K	$108K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	107.86	−0.009%	$226K	$721K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.81	−0.056%	$444K	$213K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.86	−0.009%	$1K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.84	−0.024%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0115%	1h	107.85	−0.019%	$1.9M	$1.5M	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0426%	8h	107.92	+0.046%	$5.0M	$20.6M	20x	as long as short
edgeX AAOIUSDC	+0.0869%	4h	107.94	+0.064%	$12K	$265K	10x	as long as short