Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Binance against Bybit+0.088%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 2 days (all we have)−0.111%−$11 · spread now +0.088%, 7d avg −0.021%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.109% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAOIUSDT	110.91	0	get 0.0000% / 8h	5h 51m	$1.8M	$2.6M	25x
Short	Binance AAOIUSDT	111.01	0	get 0.0000% / 8h	5h 51m	$15.0M	$41.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.021%: $10.88
Slippage, 4 orders: −$32.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.92
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 5 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 Bybit live order book, 1 min ago	2.25 bp	15.1 bp −$15	85.2 bp −$852	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.25 bp	11.9 bp −$12	41.1 bp −$411	99.2 bp −$9,923	doesn't fit

AAOI on 20 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	110.93	+0.019%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.98	+0.060%	$17K	$211K	10x	as long as short
Binance AAOIUSDTshort	0.0000%	8h	111.01	+0.088%	$15.0M	$41.6M	20x
Bybit AAOIUSDTlong	0.0000%	8h	110.91	long leg	$1.8M	$2.6M	25x
OKX AAOI-USDT-SWAP	0.0000%	8h	111.06	+0.135%	$4.4M	$18.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.01	+0.090%	$4.0M	$13.3M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.01	+0.090%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.85	−0.053%	$152K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	110.90	−0.010%	$426	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	110.90	−0.009%	$1K	$1.2M	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	110.69	−0.198%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	110.96	+0.045%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	110.97	+0.054%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.01	+0.090%	$879	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.94	+0.027%	$464K	$166K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.98	+0.063%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.98	+0.066%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0203%	1h	110.97	+0.054%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0431%	1h	110.97	+0.057%	$238K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0677%	4h	110.89	−0.017%	$13K	$263K	10x	as long as short