Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Binance against Lighter+0.032%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Binance

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 pays, funding is against you. Binance is 0.032% dearer against Lighter than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	111.67	0.0032	pay 0.0004% / 1h	23m 06s	—	—	10x
Short	Binance AAOIUSDT	111.71	0	get 0.0000% / 8h	7h 23m	$15.3M	$43.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$6.72
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.5
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 4 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.34 bp	11.6 bp −$12	32.0 bp −$320	91.4 bp −$9,135	doesn't fit

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
QFEX AAOI-USD	−0.0006%	1h	111.70	+0.027%	$1.1M	$2.5M	10x	as long as short
BloFin AAOI-USDT	−0.0002%	8h	111.65	−0.018%	$245K	$61K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.65	−0.016%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.62	−0.043%	$15K	$229K	10x	as long as short
Binance AAOIUSDTshort	0.0000%	8h	111.71	+0.032%	$15.3M	$43.0M	20x
Bybit AAOIUSDT	0.0000%	8h	111.74	+0.063%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.76	+0.081%	$4.3M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.81	+0.125%	$4.2M	$25.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.80	+0.116%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	112.00	+0.292%	$153K	$164K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAOI_USDT_Perp	0.0000%	8h	112.03	+0.319%	$1K	$101K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.68	+0.009%	$1K	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	112.02	+0.313%	$24K	$39K	20x	as long as short
Lighter AAOIlong	+0.0032%	1h	111.67	long leg	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	111.74	+0.063%	$441	$109K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.69	+0.015%	$270K	$690K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.69	+0.018%	$468K	$169K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.68	+0.009%	$2K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.69	+0.016%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0320%	1h	111.73	+0.054%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0580%	4h	111.91	+0.213%	$13K	$263K	10x	as long as short