Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0406%/8h= +44.4% APRpaid last 24h +0.080%

Price spread now: edgeX against KuCoin−0.071%68s7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$791as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$8808.796% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.889%+$89 on $10k

Price spread, last 4 days (all we have)+1.579%+$158 · spread now −0.071%, 7d avg +0.053%

Together, before fees+2.468%+ Points / potential airdropedgeX: Active · farm board+$247 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.125% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.053%). If the spread goes back, that is −$12 on $10k: about 25 hours of funding at the current rate (+$12 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAOIUSDTM	110.98	0.0100	pay 0.0100% / 8h	6h 14m	$465K	$165K	20x
Short	edgeX AAOIUSDC	110.90	0.0506	get 0.0253% / 4h	2h 14m	$13K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $85.17
Price spread: −0.071% → +0.053%: −$12.46
Slippage, 4 orders: −$858.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$806.94
Costs to cover: 8.796%
Break-even: 73.3 days

Slippage from KuCoin: live order book, 23 min ago; edgeX: live order book, 53 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 KuCoin live order book, 23 min ago	8.59 bp	460.4 bp −$460	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	3.58 bp	15.1 bp −$15	doesn't fit	doesn't fit	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	110.92	−0.052%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.98	0.000%	$18K	$202K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.00	+0.022%	$15.1M	$41.6M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.01	+0.027%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.09	+0.099%	$4.4M	$18.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.00	+0.018%	$4.0M	$14.5M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.04	+0.054%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.97	−0.005%	$152K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	110.91	−0.065%	$481	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.09	+0.099%	$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	111.02	+0.036%	$24K	$40K	20x	as long as short
QFEX AAOI-USD	+0.0015%	1h	110.99	+0.009%	$1.1M	$2.4M	10x	as long as short
Lighter AAOI	+0.0032%	1h	110.98	0.000%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.03	+0.045%	$942	$109K	20x	as long as short
KuCoin AAOIUSDTMlong	+0.0100%	8h	110.98	long leg	$465K	$165K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.94	−0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.93	−0.041%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0242%	1h	111.04	+0.054%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0386%	1h	111.05	+0.063%	$239K	$713K	10x	as long as short
edgeX AAOIUSDCshort	+0.0506%	4h	110.90	−0.071%	$13K	$263K	10x