Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h —

Price spread now: Lighter against Bybit+0.009%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAOIUSDT	110.09	0.0119	pay 0.0119% / 8h	3h 39m	$1.8M	$2.7M	25x
Short	Lighter AAOI	110.10	0.0032	get 0.0004% / 1h	39m 46s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$18.31
Price spread: +0.009% → 0.000%: $0.91
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.4
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.26 bp	14.9 bp −$15	92.7 bp −$927	doesn't fit	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	110.06	−0.031%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.05	−0.037%	$16K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.07	−0.021%	$14.9M	$42.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.09	0.000%	$4.0M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.09	0.000%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.28	+0.173%	$151K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	110.75	+0.600%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.66	+0.518%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0003%	8h	110.37	+0.254%	$270K	$63K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0030%	8h	110.78	+0.627%	$763	$105K	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	110.10	+0.009%	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	110.14	+0.045%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	110.16	+0.064%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.13	+0.036%	$460K	$185K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.10	+0.009%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.09	+0.001%	—	—	10x	as long as short
Bybit AAOIUSDTlong	+0.0119%	8h	110.09	long leg	$1.8M	$2.7M	25x
OKX AAOI-USDT-SWAP	+0.0303%	8h	110.10	+0.009%	$4.7M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0352%	1h	110.06	−0.027%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0360%	4h	110.71	+0.565%	$13K	$263K	10x	as long as short
Paragon para:AAOI	+0.0506%	1h	110.13	+0.036%	$233K	$719K	10x	as long as short