Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.041%

Price spread now: Binance against tradeXYZ+0.053%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.053%, 7d avg +0.096%

Together, before fees−0.130%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.043% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.096%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAOI	111.83	0.0255	pay 0.0032% / 1h	0m 56s	$2.0M	$1.4M	10x
Short	Binance AAOIUSDT	111.89	0	get 0.0000% / 8h	5h 00m	$15.2M	$41.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.053%Rate

Funding earned: −$53.46
Price spread: +0.053% → +0.096%: −$4.3
Slippage, 4 orders: −$21.86
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.62
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Binance: live order book, 11 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 tradeXYZ live order book, 7 min ago	1.34 bp	14.5 bp −$14	30.7 bp −$307	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.45 bp	10.6 bp −$11	40.4 bp −$404	143.4 bp −$14.3K	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	111.73	−0.089%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.85	+0.021%	$15K	$211K	10x	as long as short
Binance AAOIUSDTshort	0.0000%	8h	111.89	+0.053%	$15.2M	$41.9M	20x
Gate AAOI_USDT	0.0000%	8h	111.90	+0.063%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.90	+0.063%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.87	+0.039%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.73	−0.089%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.87	+0.036%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.69	−0.125%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.81	−0.018%	$1.1M	$2.3M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0017%	8h	111.86	+0.027%	$259K	$63K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0020%	8h	111.97	+0.125%	$4.7M	$19.3M	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.76	−0.063%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.89	+0.054%	$1K	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0050%	4h	111.74	−0.078%	$13K	$264K	10x	as long as short
Bybit AAOIUSDT	+0.0056%	8h	111.90	+0.063%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.76	−0.063%	$467K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.82	−0.009%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.82	−0.013%	—	—	10x	as long as short
Paragon para:AAOI	+0.0175%	1h	111.76	−0.063%	$239K	$716K	10x	as long as short
tradeXYZ xyz:AAOIlong	+0.0255%	1h	111.83	long leg	$2.0M	$1.4M	10x