Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h +0.007%

Price spread now: QFEX against SunX+0.054%7-day average +0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.054%, 7d avg +0.030%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.024% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAOI-USDT	111.68	0	get 0.0000% / 8h	7h 22m	$1K	$1.3M	10x
Short	QFEX AAOI-USD	111.74	−0.0006	pay 0.0001% / 1h	22m 38s	$1.1M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$1.19
Price spread: +0.054% → +0.030%: $2.35
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; QFEX: live order book, 5 min ago. Net counts fees only.

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 SunX live order book, 11 min ago	500.40 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.23 bp	7.2 bp −$7	11.7 bp −$117	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
QFEX AAOI-USDshort	−0.0006%	1h	111.74	+0.054%	$1.1M	$2.5M	10x
BloFin AAOI-USDT	−0.0002%	8h	111.65	−0.027%	$245K	$61K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.66	−0.019%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.75	+0.063%	$15K	$229K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.76	+0.072%	$15.3M	$42.7M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.75	+0.063%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.75	+0.063%	$4.3M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.81	+0.116%	$4.2M	$25.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.81	+0.116%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	112.00	+0.283%	$153K	$164K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAOI_USDT_Perp	0.0000%	8h	112.03	+0.310%	$1K	$101K	10x	as long as short
SunX AAOI-USDTlong	0.0000%	8h	111.68	long leg	$1K	$1.3M	10x
HTX AAOI-USDT	0.0000%	8h	112.02	+0.304%	$24K	$39K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.66	−0.018%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.76	+0.072%	$441	$109K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.73	+0.042%	$270K	$690K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.70	+0.018%	$468K	$169K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.68	0.000%	$2K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.69	+0.007%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0316%	1h	111.76	+0.072%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0580%	4h	111.91	+0.204%	$13K	$263K	10x	as long as short