Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.007%

Price spread now: Variational Omni against QFEX+0.170%7-day average +0.042% · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.270%+$27 · spread now +0.170%, 7d avg +0.042%

Together, before fees+0.328%+ Points / potential airdropVariational Omni: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.127% dearer against QFEX than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.042%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.0 days. Mind the row above: over the last 3 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAOI-USD	111.65	0.0053	pay 0.0007% / 1h	17m 10s	$1.1M	$2.2M	10x
Short	Variational Omni AAOI	111.84	0	get 0.0000% / 8h	4h 17m	$153K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.170%Rate

Funding earned: −$11.1
Price spread: +0.170% → +0.042%: $12.74
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.36
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, 42 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 QFEX live order book, 5 min ago	1.34 bp	9.8 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 42 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
BloFin AAOI-USDT	−0.0020%	8h	111.63	−0.018%	$266K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.54	−0.100%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.62	−0.027%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.68	+0.025%	$15.2M	$42.0M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.69	+0.036%	$4.1M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.72	+0.063%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOIshort	0.0000%	8h	111.84	+0.170%	$153K	$131K	—
SunX AAOI-USDT	0.0000%	8h	111.82	+0.152%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.76	+0.099%	$24K	$43K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0002%	8h	111.81	+0.143%	$631	$103K	10x	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	+0.0009%	1h	111.55	−0.090%	$238K	$717K	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.64	−0.009%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.65	0.000%	$1K	$109K	20x	as long as short
QFEX AAOI-USDlong	+0.0053%	1h	111.65	long leg	$1.1M	$2.2M	10x
KuCoin AAOIUSDTM	+0.0100%	8h	111.67	+0.018%	$467K	$177K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.62	−0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.63	−0.015%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0109%	8h	111.68	+0.027%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0204%	8h	111.75	+0.090%	$4.7M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0305%	1h	111.68	+0.027%	$2.0M	$1.3M	10x	as long as short
edgeX AAOIUSDC	+0.0657%	4h	111.82	+0.154%	$13K	$264K	10x	as long as short