Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h 0.000%

Price spread now: BloFin against QFEX−0.036%99s7-day average +0.011% · 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−$400.404% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.131%+$13 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.036%, 7d avg +0.011%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.047% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.011%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.131%, so the current rate has only just turned against you. The two prices were read 99 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	QFEX AAOI-USD	111.63	0.0053	pay 0.0007% / 1h	11m 35s	$1.1M	$2.1M	10x
Short	BloFin AAOI-USDT	111.59	−0.0012	pay 0.0012% / 8h	4h 11m	$266K	$63K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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 QFEXbpFee BloFinbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$13.58
Price spread: −0.036% → +0.011%: −$4.69
Slippage, 4 orders: −$18.39
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.65
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; BloFin: live order book, 20 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 QFEX live order book, 6 min ago	1.34 bp	8.9 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell BloFin live order book, 20 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
BloFin AAOI-USDTshort	−0.0012%	8h	111.59	−0.036%	$266K	$63K	20x
Aster AAOIUSDT	0.0000%	8h	111.55	−0.070%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.64	+0.008%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.67	+0.036%	$15.1M	$42.0M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.66	+0.027%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.69	+0.054%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.66	+0.023%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.63	0.000%	$997	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.64	+0.009%	$24K	$43K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0004%	8h	111.63	0.000%	$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	111.63	0.000%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.70	+0.063%	$1K	$109K	20x	as long as short
QFEX AAOI-USDlong	+0.0053%	1h	111.63	long leg	$1.1M	$2.1M	10x
Paragon para:AAOI	+0.0060%	1h	111.56	−0.063%	$238K	$718K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.64	+0.009%	$466K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.59	−0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.58	−0.049%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0114%	8h	111.65	+0.018%	$1.8M	$2.6M	25x	as long as short
edgeX AAOIUSDC	+0.0165%	4h	111.60	−0.026%	$13K	$265K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0227%	8h	111.75	+0.107%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0306%	1h	111.62	−0.009%	$2.0M	$1.3M	10x	as long as short