Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.046%

Price spread now: tradeXYZ against SunX−0.036%7-day average +0.007% · you buy dearer than you sell

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.447%+$45 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.036%, 7d avg +0.007%

Together, before fees+0.559%+ Points / potential airdroptradeXYZ: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.043% cheaper against SunX than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAOI-USDT	111.87	0	get 0.0000% / 8h	5h 01m	$1K	$1.2M	10x
Short	tradeXYZ xyz:AAOI	111.83	0.0255	get 0.0032% / 1h	1m 00s	$2.0M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.036%Rate

Funding earned: $53.46
Price spread: −0.036% → +0.007%: −$4.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $23.17
Costs to cover: 0.260%
Break-even: 4.0 days

Slippage unknown: SunX: live order book, 3 min ago; tradeXYZ: live order book, 7 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, 3 min ago	500.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.34 bp	16.4 bp −$16	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	111.73	−0.125%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.85	−0.015%	$15K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.89	+0.017%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.90	+0.027%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.90	+0.027%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.87	+0.003%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.73	−0.125%	$547	$102K	10x	as long as short
SunX AAOI-USDTlong	0.0000%	8h	111.87	long leg	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	111.69	−0.161%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.81	−0.054%	$1.1M	$2.3M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0017%	8h	111.86	−0.009%	$259K	$63K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0020%	8h	111.97	+0.089%	$4.7M	$19.3M	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.76	−0.098%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.89	+0.018%	$1K	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0050%	4h	111.74	−0.113%	$13K	$264K	10x	as long as short
Bybit AAOIUSDT	+0.0056%	8h	111.90	+0.027%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.76	−0.098%	$467K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.82	−0.045%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.82	−0.049%	—	—	10x	as long as short
Paragon para:AAOI	+0.0175%	1h	111.76	−0.099%	$239K	$716K	10x	as long as short
tradeXYZ xyz:AAOIshort	+0.0255%	1h	111.83	−0.036%	$2.0M	$1.4M	10x