Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0223%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h —

Price spread now: Lighter against tradeXYZ+0.027%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.027% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAOI	111.75	0.0255	pay 0.0032% / 1h	0m 10s	$2.0M	$1.4M	10x
Short	Lighter AAOI	111.78	0.0032	get 0.0004% / 1h	0m 10s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$46.9
Price spread: +0.027% → 0.000%: $2.68
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.22
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Lighter: no order-book sample. 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 tradeXYZ live order book, 8 min ago	1.34 bp	14.5 bp −$14	30.7 bp −$307	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.022%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.77	+0.016%	$15K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.82	+0.063%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.82	+0.063%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.81	+0.054%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.87	+0.110%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.73	−0.018%	$547	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.80	+0.045%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.82	+0.063%	$24K	$42K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.78	+0.027%	$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	+0.098%	$259K	$63K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0025%	8h	111.92	+0.152%	$4.6M	$19.3M	20x	as long as short
Lighter AAOIshort	+0.0032%	1h	111.78	+0.027%	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	111.81	+0.054%	$1K	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0050%	4h	111.74	−0.006%	$13K	$264K	10x	as long as short
Bybit AAOIUSDT	+0.0058%	8h	111.84	+0.081%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.78	+0.027%	$467K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.78	+0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.77	+0.020%	—	—	10x	as long as short
Paragon para:AAOI	+0.0164%	1h	111.71	−0.036%	$239K	$716K	10x	as long as short
tradeXYZ xyz:AAOIlong	+0.0255%	1h	111.75	long leg	$2.0M	$1.4M	10x