Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h 0.000%

Price spread now: QFEX against BloFin−0.027%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.027%, 7d avg −0.011%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAOI-USDT	111.68	0.0004	pay 0.0004% / 8h	4h 10m	$266K	$64K	20x
Short	QFEX AAOI-USD	111.65	0.0053	get 0.0007% / 1h	10m 08s	$1.1M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $10.33
Price spread: −0.027% → −0.011%: −$1.58
Slippage, 4 orders: −$18.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$31.64
Costs to cover: 0.404%
Break-even: 28.4 days

Slippage from BloFin: live order book, 22 min ago; QFEX: live order book, 2 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 BloFin live order book, 22 min ago	0.89 bp	12.4 bp −$12	22.8 bp −$228	75.6 bp −$7,561	doesn't fit
Sell QFEX live order book, 2 min ago	1.34 bp	7.2 bp −$7	10.7 bp −$107	doesn't fit	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
Aster AAOIUSDT	0.0000%	8h	111.66	−0.014%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.72	+0.035%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.77	+0.078%	$15.2M	$42.0M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.74	+0.054%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.73	+0.045%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	−0.005%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.68	0.000%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.64	−0.036%	$24K	$43K	20x	as long as short
BloFin AAOI-USDTlong	+0.0004%	8h	111.68	long leg	$266K	$64K	20x
GRVT AAOI_USDT_Perp	+0.0004%	8h	111.63	−0.045%	$671	$104K	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	111.66	−0.018%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.73	+0.045%	$1K	$109K	20x	as long as short
QFEX AAOI-USDshort	+0.0053%	1h	111.65	−0.027%	$1.1M	$2.1M	10x
Paragon para:AAOI	+0.0060%	1h	111.60	−0.071%	$238K	$718K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.72	+0.036%	$468K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.70	+0.018%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.70	+0.022%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0120%	8h	111.65	−0.027%	$1.8M	$2.6M	25x	as long as short
edgeX AAOIUSDC	+0.0165%	4h	111.60	−0.070%	$13K	$265K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0232%	8h	111.82	+0.125%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0311%	1h	111.68	0.000%	$2.0M	$1.3M	10x	as long as short