Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

AAOI

RWAAll AAOI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Variational OmniAAOI
97.167+0.0119pay 0.0119% / 8h7h 58m$135K$106K20xLong Variational Omni+15% pts
SHORT
BingXNCSKAAOI2USD-USDT
97.790+0.0239get 0.0239% / 8h7h 58m$921K$1.8M—Short BingX
Price gap+0.641%
Funding gap+0.0120% /8h

Both sides work: funding pays +$4 a day on $10k, and the gap is 0.612% above its 7d average: +$61 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$40+0.0120% /8h now · paid +0.396% over the last 7D
Price+$61spread +0.641% now, avg +0.029% → +0.612% if it goes back
Costs−$660.660% of $10k · taker + slippage, in and out
Result+$35+0.35%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.641%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

AAOI on 22 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size27.5 / 6.3 bp
    At $10k entering Variational Omni costs 27.5 bp, fee and slippage, 4.4× BingX’s.
  • Note: Margin at max leverage$500 + —
    Variational Omni 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$3.60Long Variational Omni: 3 payments, −$3.57; short BingX: 3 payments, +$7.17.
  • OK: Entry gap works for you+0.641% vs +0.029%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$135K vs $921K OI
    Variational Omni sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • Watch: KYCVariational Omni No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0188%/8h × 21 periods+$39.57
Price spread+0.641% → +0.029% (7d avg)+$61.22
Slippage, 4 orderslive order books−$56.01
Fee Variational Omni bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$34.78
Costs to cover0.660%Break-even0.8 days
Slippage: Variational Omni: RFQ quote, 59 min ago; BingX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni4.4627.5 bp−$2749.2 bp−$492doesn’t fitdoesn’t fit
SELL · SHORTBingX0.516.3 bp−$69.8 bp−$9853.2 bp−$5,320194.0 bp−$97.0K

Closing costs about the same again.

Alert

AAOI news

posts that mention AAOI or Applied Optoelectronics, from every exchangeSearch all news →
09-18 12:57ParagonListingCiena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗