Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.023%

Price spread now: KuCoin against QFEX+0.107%7-day average −0.017% · 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−$793as in the Price arb table

costs, in and out, $10k−$8058.054% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.107%, 7d avg −0.017%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.124% dearer against QFEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAOI-USD	111.67	0.0053	pay 0.0007% / 1h	33m 23s	$1.1M	$2.2M	10x
Short	KuCoin AAOIUSDTM	111.79	0.0100	get 0.0100% / 8h	4h 33m	$468K	$175K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.107%Rate

Funding earned: $9.9
Price spread: +0.107% → −0.017%: $12.43
Slippage, 4 orders: −$783.43
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$783.11
Costs to cover: 8.054%
Break-even: 561.0 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 49 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, 4 min ago	1.34 bp	9.8 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	10.77 bp	359.2 bp −$359	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	111.64	−0.029%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.69	+0.020%	$17K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.78	+0.102%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.75	+0.072%	$4.0M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.74	+0.063%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.80	+0.117%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.77	+0.093%	$753	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.73	+0.054%	$959	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.77	+0.090%	$24K	$42K	20x	as long as short
BloFin AAOI-USDT	+0.0018%	8h	111.69	+0.018%	$261K	$63K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:AAOI	+0.0024%	1h	111.60	−0.063%	$239K	$717K	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.71	+0.036%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.74	+0.063%	$1K	$109K	20x	as long as short
QFEX AAOI-USDlong	+0.0053%	1h	111.67	long leg	$1.1M	$2.2M	10x
Bybit AAOIUSDT	+0.0077%	8h	111.80	+0.116%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTMshort	+0.0100%	8h	111.79	+0.107%	$468K	$175K	20x
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.77	+0.090%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.75	+0.072%	—	—	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0121%	8h	111.85	+0.161%	$4.7M	$19.4M	20x	as long as short
edgeX AAOIUSDC	+0.0160%	4h	111.71	+0.037%	$13K	$264K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0245%	1h	111.74	+0.063%	$2.0M	$1.4M	10x	as long as short