Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.097%

Price spread now: edgeX against Popdex−0.115%59s7-day average +0.004% · you buy dearer than you sell

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−$840.842% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.455%+$45 on $10k

Price spread, last 4 days (all we have)+0.534%+$53 · spread now −0.115%, 7d avg +0.004%

Together, before fees+0.989%+ Points / potential airdropedgeX: Active · farm board+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.119% cheaper against Popdex than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.004%). If the spread goes back, that is −$12 on $10k: about 3.4 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.455% in total) that is about 22 hours. The two prices were read 59 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	111.73	0.0048	pay 0.0006% / 1h	9m 51s	$1K	$109K	20x
Short	edgeX AAOIUSDC	111.60	0.0165	get 0.0082% / 4h	9m 51s	$13K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $24.52
Price spread: −0.115% → +0.004%: −$11.86
Slippage, 4 orders: −$68.83
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$71.57
Costs to cover: 0.842%
Break-even: 27.4 days

Slippage from Popdex: live order book, 49 min ago; edgeX: live order book, 48 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, 49 min ago	2.68 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 48 min ago	3.58 bp	14.1 bp −$14	doesn't fit	doesn't fit	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	111.66	−0.062%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.74	+0.005%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.74	+0.009%	$15.1M	$42.0M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.75	+0.018%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.73	0.000%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	−0.050%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.68	−0.045%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.64	−0.081%	$24K	$43K	20x	as long as short
BloFin AAOI-USDT	+0.0004%	8h	111.68	−0.045%	$266K	$64K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0004%	8h	111.63	−0.090%	$671	$104K	10x	as long as short

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	−0.063%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	111.73	long leg	$1K	$109K	20x
QFEX AAOI-USD	+0.0053%	1h	111.65	−0.072%	$1.1M	$2.1M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.60	−0.116%	$238K	$718K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.72	−0.009%	$467K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.70	−0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.70	−0.023%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0120%	8h	111.65	−0.072%	$1.8M	$2.6M	25x	as long as short
edgeX AAOIUSDCshort	+0.0165%	4h	111.60	−0.115%	$13K	$265K	10x
OKX AAOI-USDT-SWAP	+0.0232%	8h	111.82	+0.081%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0311%	1h	111.68	−0.045%	$2.0M	$1.3M	10x	as long as short