Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1522%/8h= +166.7% APRpaid last 24h —

Price spread now: Lighter against Bitget−0.158%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.158% cheaper against Bitget than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 8 hours of funding at the current rate (+$46 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAOIUSDT	107.83	−0.1490	get 0.1490% / 8h	2h 24m	$2.9M	$3.6M	20x
Short	Lighter AAOI	107.66	0.0032	get 0.0004% / 1h	24m 45s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.158%Rate

Funding earned: $319.62
Price spread: −0.158% → 0.000%: −$15.77
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $291.85
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	3.25 bp	12.8 bp −$13	34.3 bp −$343	113.2 bp −$11.3K	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
Bitget AAOIUSDTlong	−0.1490%	8h	107.83	long leg	$2.9M	$3.6M	20x
BloFin AAOI-USDT	−0.0018%	8h	107.76	−0.065%	$273K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.61	−0.206%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	107.70	−0.120%	$14K	$237K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	107.70	−0.121%	$14.6M	$44.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.74	−0.083%	$3.7M	$13.3M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.61	−0.202%	$147K	$127K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	107.88	+0.046%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.86	+0.028%	$24K	$46K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0004%	8h	108.11	+0.263%	$350	$114K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOIshort	+0.0032%	1h	107.66	−0.158%	—	—	10x
Bybit AAOIUSDT	+0.0048%	8h	107.77	−0.056%	$1.7M	$2.8M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.84	+0.009%	$184	$110K	20x	as long as short
QFEX AAOI-USD	+0.0054%	1h	107.86	+0.028%	$1.1M	$1.9M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.75	−0.074%	$451K	$196K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.71	−0.111%	$1K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.72	−0.101%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0245%	1h	107.68	−0.139%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0291%	1h	107.60	−0.213%	$226K	$721K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0391%	8h	107.84	+0.009%	$4.9M	$20.1M	20x	as long as short
edgeX AAOIUSDC	+0.0930%	4h	107.54	−0.268%	$13K	$263K	10x	as long as short