Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Binance−0.036%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.036% cheaper against Binance than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAOIUSDT	110.63	0	get 0.0000% / 8h	6h 34m	$15.0M	$42.9M	20x
Short	Lighter AAOI	110.59	0.0032	get 0.0004% / 1h	34m 55s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.036%Rate

Funding earned: $6.72
Price spread: −0.036% → 0.000%: −$3.62
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.9
Costs to cover: 0.100%
Break-even: 14.2 days

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	0.45 bp	10.0 bp −$10	36.5 bp −$365	108.7 bp −$10.9K	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	110.57	−0.052%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.62	−0.008%	$18K	$205K	10x	as long as short
Binance AAOIUSDTlong	0.0000%	8h	110.63	long leg	$15.0M	$42.9M	20x
Bybit AAOIUSDT	0.0000%	8h	110.68	+0.045%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	110.67	+0.036%	$4.4M	$19.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.69	+0.054%	$4.0M	$14.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.67	+0.036%	$2.7M	$3.1M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.57	−0.056%	$152K	$132K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	110.47	−0.145%	$1K	$101K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	110.60	−0.027%	$897	$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	110.52	−0.099%	$24K	$40K	20x	as long as short
BloFin AAOI-USDT	+0.0014%	8h	111.12	+0.443%	$250K	$62K	20x	as long as short
QFEX AAOI-USD	+0.0015%	1h	110.64	+0.009%	$1.1M	$2.5M	10x	as long as short
Lighter AAOIshort	+0.0032%	1h	110.59	−0.036%	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	110.66	+0.027%	$904	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.64	+0.009%	$463K	$163K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.59	−0.036%	$2K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.57	−0.055%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0261%	1h	110.63	0.000%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0294%	4h	110.52	−0.101%	$13K	$262K	10x	as long as short
Paragon para:AAOI	+0.0442%	1h	110.56	−0.066%	$239K	$716K	10x	as long as short