Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.007%

Price spread now: BloFin against Popdex+0.036%100s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$800.803% of the position

Long on Popdex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.036%, 7d avg −0.018%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.054% dearer against Popdex than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.018%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days. Mind the row above: over the last 4 days funding on this pair paid +0.097%, so the current rate has only just turned against you. The two prices were read 100 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	Popdex AAOIUSDT	111.71	0.0048	pay 0.0006% / 1h	7m 33s	$1K	$109K	20x
Short	BloFin AAOI-USDT	111.75	0.0024	get 0.0024% / 8h	4h 07m	$266K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Popdex. 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 PopdexbpFee BloFinbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$4.97
Price spread: +0.036% → −0.018%: $5.39
Slippage, 4 orders: −$61.94
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$79.92
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from Popdex: live order book, 51 min ago; BloFin: live order book, 24 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 Popdex live order book, 51 min ago	2.68 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	0.89 bp	11.8 bp −$12	27.2 bp −$272	71.5 bp −$7,152	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	111.63	−0.069%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.66	−0.047%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.70	−0.009%	$15.1M	$42.0M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.72	+0.009%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.71	0.000%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	−0.032%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.75	+0.036%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.51	−0.179%	$24K	$43K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0008%	8h	111.70	−0.012%	$671	$104K	10x	as long as short
BloFin AAOI-USDTshort	+0.0024%	8h	111.75	+0.036%	$266K	$64K	20x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	111.66	−0.045%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	111.71	long leg	$1K	$109K	20x
QFEX AAOI-USD	+0.0053%	1h	111.68	−0.027%	$1.1M	$2.1M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.66	−0.047%	$238K	$718K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.73	+0.018%	$468K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.67	−0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.65	−0.050%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0122%	8h	111.67	−0.036%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0235%	8h	111.75	+0.036%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0310%	1h	111.67	−0.036%	$2.0M	$1.3M	10x	as long as short
edgeX AAOIUSDC	+0.0470%	4h	111.69	−0.021%	$13K	$263K	10x	as long as short