Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Popdex against Aster+0.214%52s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.214% dearer against Aster than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAOIUSDT	109.55	0	get 0.0000% / 8h	3h 14m	$40K	$37K	20x
Short	Popdex AAOIUSDT	109.78	0.0048	get 0.0006% / 1h	14m 44s	$1K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Aster. 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 AsterbpFee PopdexbpOrdersPrice spread, now +0.214%Rate

Funding earned: $10.08
Price spread: +0.214% → 0.000%: $21.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $17.09
Costs to cover: 0.144%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Popdex: live order book, 39 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 Aster no order-book sample	—	—	—	—	—
Sell Popdex live order book, 39 min ago	3.14 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit

Aster: 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
Bitget AAOIUSDT	−0.0332%	8h	109.63	+0.077%	$2.7M	$3.0M	20x	as long as short
BloFin AAOI-USDT	−0.0002%	8h	109.63	+0.077%	$269K	$63K	20x	as long as short
Aster AAOIUSDTlong	0.0000%	8h	109.55	long leg	$40K	$37K	20x
Extended AAOI-USD	0.0000%	1h	109.62	+0.068%	$14K	$209K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.59	+0.044%	$14.9M	$42.7M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.64	+0.086%	$3.9M	$13.2M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	109.69	+0.128%	$150K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	109.78	+0.214%	$975	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	109.60	+0.050%	$24K	$44K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0019%	8h	109.54	−0.008%	$823	$110K	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	109.56	+0.013%	—	—	10x	as long as short
Popdex AAOIUSDTshort	+0.0048%	1h	109.78	+0.214%	$1K	$109K	20x
edgeX AAOIUSDC	+0.0074%	4h	109.54	−0.006%	$13K	$265K	10x	as long as short
QFEX AAOI-USD	+0.0076%	1h	109.78	+0.214%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.64	+0.086%	$459K	$190K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.72	+0.159%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.63	+0.078%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0119%	8h	109.60	+0.050%	$1.7M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0349%	8h	109.62	+0.068%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0371%	1h	109.57	+0.022%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0442%	1h	109.55	+0.006%	$231K	$720K	10x	as long as short