Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h −0.046%

Price spread now: Bitget against tradeXYZ+0.018%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.018%, 7d avg +0.059%

Together, before fees−0.107%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.041% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% 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	111.49	0.0231	pay 0.0029% / 1h	21m 28s	$2.0M	$1.4M	10x
Short	Bitget AAOIUSDT	111.51	0	get 0.0000% / 8h	5h 21m	$2.7M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$48.53
Price spread: +0.018% → +0.059%: −$4.09
Slippage, 4 orders: −$38.7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.33
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Bitget: 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 tradeXYZ live order book, 5 min ago	1.80 bp	15.8 bp −$16	32.6 bp −$326	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.24 bp	19.3 bp −$19	32.4 bp −$324	95.7 bp −$9,571	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	−0.188%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.34	−0.132%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.41	−0.071%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.46	−0.028%	$15.2M	$41.8M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.60	+0.099%	$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 AAOIUSDTshort	0.0000%	8h	111.51	+0.018%	$2.7M	$3.0M	20x
Variational Omni AAOI	0.0000%	8h	111.24	−0.222%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.36	−0.120%	$562	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.40	−0.081%	$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	−0.224%	$24K	$42K	20x	as long as short
Bybit AAOIUSDT	+0.0005%	8h	111.50	+0.009%	$1.8M	$2.6M	25x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.47	−0.018%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.38	−0.099%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.52	+0.027%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.39	−0.090%	$466K	$171K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.34	−0.135%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.34	−0.138%	—	—	10x	as long as short
tradeXYZ xyz:AAOIlong	+0.0231%	1h	111.49	long leg	$2.0M	$1.4M	10x
Paragon para:AAOI	+0.0303%	1h	111.47	−0.018%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0933%	4h	111.17	−0.290%	$13K	$263K	10x	as long as short