Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.010%

Price spread now: Extended against Orderly+0.058%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.058% dearer against Orderly than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAOI_USDC_mythos	111.67	0.0100	pay 0.0100% / 8h	7h 21m	$2K	$14K	10x
Short	Extended AAOI-USD	111.73	0	get 0.0000% / 1h	21m 58s	$15K	$221K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$21
Price spread: +0.058% → 0.000%: $5.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.22
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 50 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 50 min ago	1.84 bp	14.1 bp −$14	173.3 bp −$1,733	doesn't fit	doesn't fit

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
QFEX AAOI-USD	−0.0006%	1h	111.74	+0.063%	$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	−0.015%	$41K	$37K	20x	as long as short
Extended AAOI-USDshort	0.0000%	1h	111.73	+0.058%	$15K	$221K	10x
Binance AAOIUSDT	0.0000%	8h	111.74	+0.063%	$15.3M	$42.7M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.75	+0.072%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.78	+0.099%	$4.3M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.82	+0.134%	$4.2M	$25.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.79	+0.107%	$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	111.76	+0.081%	$1K	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.83	+0.143%	$24K	$39K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.66	−0.009%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.76	+0.081%	$441	$109K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.73	+0.051%	$270K	$690K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.73	+0.054%	$468K	$170K	20x	as long as short
Orderly PERP_AAOI_USDC_mythoslong	+0.0100%	8h	111.67	long leg	$2K	$14K	10x
Aevo AAOI-PERP	+0.0104%	1h	111.68	+0.011%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0311%	1h	111.75	+0.072%	$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