Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h —

Price spread now: Orderly against Lighter−0.018%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Orderly

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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	108.33	0.0032	pay 0.0004% / 1h	3m 11s	—	—	10x
Short	Orderly PERP_AAOI_USDC_mythos	108.31	0.0100	get 0.0100% / 8h	3h 03m	$2K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.018%Rate

Funding earned: $14.28
Price spread: −0.018% → 0.000%: −$1.85
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.43
Costs to cover: 0.060%
Break-even: 3.8 days

Slippage unknown: Lighter: no order-book sample; Orderly: 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 Lighter no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Lighter and Orderly: 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
Bitget AAOIUSDT	−0.0691%	8h	108.30	−0.028%	$2.8M	$3.2M	20x	as long as short
BloFin AAOI-USDT	−0.0020%	8h	108.29	−0.037%	$269K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.23	−0.095%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	108.27	−0.052%	$14K	$227K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	108.20	−0.121%	$14.7M	$43.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	108.33	0.000%	$3.8M	$13.3M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	108.83	+0.458%	$149K	$130K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	108.33	0.000%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.77	+0.406%	$24K	$45K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0031%	8h	108.75	+0.390%	$835	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOIlong	+0.0032%	1h	108.33	long leg	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	108.34	+0.009%	$542	$109K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	108.33	0.000%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	108.33	0.000%	$454K	$193K	20x	as long as short
Orderly PERP_AAOI_USDC_mythosshort	+0.0100%	8h	108.31	−0.018%	$2K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	108.28	−0.048%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0113%	8h	108.21	−0.111%	$1.7M	$2.7M	25x	as long as short
edgeX AAOIUSDC	+0.0362%	4h	108.73	+0.369%	$13K	$264K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0375%	8h	108.23	−0.092%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0384%	1h	108.23	−0.092%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0411%	1h	108.60	+0.252%	$229K	$720K	10x	as long as short