Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h −0.015%

Price spread now: Bybit against Extended+0.070%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.605% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.070%, 7d avg +0.043%

Together, before fees−0.017%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.027% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAOI-USD	111.74	0	get 0.0000% / 1h	2m 11s	$15K	$211K	10x
Short	Bybit AAOIUSDT	111.82	0.0046	get 0.0046% / 8h	5h 02m	$1.8M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.070%Rate

Funding earned: $9.75
Price spread: +0.070% → +0.043%: $2.73
Slippage, 4 orders: −$44.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.01
Costs to cover: 0.605%
Break-even: 41.5 days

Slippage from Extended: live order book, 59 min ago; Bybit: 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 Extended live order book, 59 min ago	2.53 bp	15.1 bp −$15	115.7 bp −$1,157	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.79 bp	18.0 bp −$18	93.1 bp −$931	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	111.70	−0.035%	$41K	$37K	20x	as long as short
Extended AAOI-USDlong	0.0000%	1h	111.74	long leg	$15K	$211K	10x
Binance AAOIUSDT	0.0000%	8h	111.85	+0.096%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.83	+0.079%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.79	+0.043%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	−0.066%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.75	+0.006%	$548	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.84	+0.088%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.69	−0.046%	$24K	$41K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0011%	8h	111.91	+0.151%	$4.6M	$19.3M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AAOI-USD	+0.0017%	1h	111.78	+0.034%	$1.1M	$2.3M	10x	as long as short
BloFin AAOI-USDT	+0.0021%	8h	111.73	−0.011%	$215K	$63K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.76	+0.016%	—	—	10x	as long as short
Bybit AAOIUSDTshort	+0.0046%	8h	111.82	+0.070%	$1.8M	$2.6M	25x
Popdex AAOIUSDT	+0.0048%	1h	111.83	+0.079%	$1K	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0050%	4h	111.74	+0.001%	$13K	$264K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.71	−0.028%	$467K	$172K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.76	+0.016%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.76	+0.020%	—	—	10x	as long as short
Paragon para:AAOI	+0.0187%	1h	111.72	−0.023%	$239K	$714K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0249%	1h	111.75	+0.007%	$2.0M	$1.4M	10x	as long as short