Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.013%

Price spread now: OKX against Popdex+0.126%7-day average +0.002% · 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−$41as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Popdex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.165%+$17 on $10k

Price spread, last 4 days (all we have)−0.408%−$41 · spread now +0.126%, 7d avg +0.002%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.124% dearer against Popdex than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.002%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days. Mind the row above: over the last 4 days funding on this pair paid +0.165%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AAOIUSDT	111.20	0.0048	pay 0.0006% / 1h	24m 51s	$1K	$109K	20x
Short	OKX AAOI-USDT-SWAP	111.34	0	get 0.0000% / 8h	5h 24m	$4.5M	$19.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$10.08
Price spread: +0.126% → +0.002%: $12.39
Slippage, 4 orders: −$36.79
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$50.88
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Popdex: live order book, 39 min ago; OKX: live order book, 4 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, 39 min ago	2.71 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.45 bp	7.9 bp −$8	28.4 bp −$284	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
BloFin AAOI-USDT	−0.0028%	8h	111.19	−0.009%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.22	+0.018%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.18	−0.017%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.20	+0.003%	$15.1M	$41.7M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.25	+0.045%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAPshort	0.0000%	8h	111.34	+0.126%	$4.5M	$19.1M	20x
Gate AAOI_USDT	0.0000%	8h	111.22	+0.018%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.19	−0.009%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	+0.038%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.28	+0.076%	$664	$102K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAOI-USDT	0.0000%	8h	111.30	+0.090%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.17	−0.027%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.14	−0.054%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.23	+0.027%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	111.20	long leg	$1K	$109K	20x
KuCoin AAOIUSDTM	+0.0100%	8h	111.23	+0.027%	$466K	$170K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.21	+0.009%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.18	−0.015%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0228%	1h	111.18	−0.018%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0278%	1h	111.25	+0.045%	$239K	$712K	10x	as long as short
edgeX AAOIUSDC	+0.0515%	4h	111.27	+0.067%	$13K	$262K	10x	as long as short