Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0931%/8h= −101.9% APRpaid last 24h −0.111%

Price spread now: Variational Omni against edgeX−0.024%104s7-day average +0.008% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.424%−$42 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.024%, 7d avg +0.008%

Together, before fees−0.457%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Variational Omni is 0.032% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs. The two prices were read 104 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	edgeX AAOIUSDC	111.87	0.0931	pay 0.0466% / 4h	19m 45s	$13K	$264K	10x
Short	Variational Omni AAOI	111.84	0	get 0.0000% / 8h	4h 19m	$153K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.024%Rate

Funding earned: −$195.52
Price spread: −0.024% → +0.008%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$207.75
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 38 min ago; Variational Omni: RFQ quote, 39 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 edgeX live order book, 38 min ago	3.58 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 39 min ago	5.19 bp	doesn't fit	58.3 bp −$583	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
Paragon para:AAOI	−0.0011%	1h	111.79	−0.067%	$239K	$717K	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.75	−0.107%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.78	−0.078%	$17K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.82	−0.038%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.83	−0.033%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.81	−0.051%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOIshort	0.0000%	8h	111.84	−0.024%	$153K	$131K	—
GRVT AAOI_USDT_Perp	0.0000%	8h	111.83	−0.033%	$631	$103K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	111.83	−0.033%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.91	+0.039%	$24K	$43K	20x	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	+0.0016%	8h	111.84	−0.024%	$265K	$64K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.83	−0.033%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.85	−0.015%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0053%	1h	111.82	−0.042%	$1.1M	$2.2M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.84	−0.024%	$468K	$177K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.84	−0.024%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.82	−0.044%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0106%	8h	111.82	−0.042%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0189%	8h	111.87	+0.003%	$4.7M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0295%	1h	111.78	−0.077%	$2.0M	$1.3M	10x	as long as short
edgeX AAOIUSDClong	+0.0931%	4h	111.87	long leg	$13K	$264K	10x