Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Bybit−0.026%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAOIUSDT	111.50	0	get 0.0000% / 8h	20m 11s	$1.8M	$2.8M	25x
Short	Aevo AAOI-PERP	111.47	0.0104	get 0.0013% / 1h	20m 11s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.026%Rate

Funding earned: $21.84
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7.79
Costs to cover: 0.270%
Break-even: 9.5 days

Slippage unknown: Bybit: live order book, 2 min ago; Aevo: no order-book sample. 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 Bybit live order book, 2 min ago	1.79 bp	23.3 bp −$23	85.8 bp −$858	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USD	−0.0011%	1h	111.42	−0.072%	$1.1M	$2.6M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.46	−0.039%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.45	−0.046%	$17K	$209K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.43	−0.065%	$15.3M	$43.6M	20x	as long as short
Bybit AAOIUSDTlong	0.0000%	8h	111.50	long leg	$1.8M	$2.8M	25x
OKX AAOI-USDT-SWAP	0.0000%	8h	111.41	−0.081%	$4.3M	$19.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.52	+0.018%	$4.2M	$30.8M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.45	−0.045%	$2.8M	$3.2M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.43	−0.063%	$153K	$167K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.49	−0.009%	$641	$107K	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	111.42	−0.072%	$973	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.57	+0.063%	$24K	$38K	20x	as long as short
BloFin AAOI-USDT	+0.0010%	8h	111.45	−0.045%	$244K	$68K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.47	−0.027%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.48	−0.018%	$1K	$110K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0050%	1h	111.50	0.000%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.51	+0.009%	$278K	$697K	10x	as long as short
edgeX AAOIUSDC	+0.0082%	4h	111.46	−0.033%	$13K	$263K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.51	+0.009%	$467K	$185K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.46	−0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERPshort	+0.0104%	1h	111.47	−0.026%	—	—	10x