Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Variational Omni−0.200%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

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—+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.200% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.200% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 21 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAOI	109.89	0	get 0.0000% / 8h	3h 24m	$151K	$131K	—
Short	Lighter AAOI	109.67	0.0032	get 0.0004% / 1h	24m 28s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.200%Rate

Funding earned: $6.72
Price spread: −0.200% → 0.000%: −$19.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.27
Costs to cover: 0.000%
Break-even: 20.8 days

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; Lighter: 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 Variational Omni RFQ quote, 29 min ago	4.23 bp	doesn't fit	63.5 bp −$635	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
Bitget AAOIUSDT	−0.0070%	8h	109.69	−0.182%	$2.7M	$3.0M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.77	−0.108%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.70	−0.168%	$14K	$214K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.71	−0.161%	$14.9M	$42.5M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.70	−0.173%	$3.9M	$13.1M	50x	as long as short
Variational Omni AAOIlong	0.0000%	8h	109.89	long leg	$151K	$131K	—
SunX AAOI-USDT	0.0000%	8h	109.59	−0.273%	$919	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.03	+0.128%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0028%	8h	109.75	−0.127%	$267K	$63K	20x	as long as short
Lighter AAOIshort	+0.0032%	1h	109.67	−0.200%	—	—	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAOI_USDT_Perp	+0.0048%	8h	110.40	+0.464%	$641	$107K	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.68	−0.191%	$1K	$108K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	109.67	−0.200%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.76	−0.118%	$460K	$188K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.80	−0.082%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.76	−0.117%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0108%	4h	110.18	+0.260%	$13K	$263K	10x	as long as short
Bybit AAOIUSDT	+0.0124%	8h	109.63	−0.236%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0322%	8h	109.66	−0.209%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0352%	1h	109.66	−0.209%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0444%	1h	109.60	−0.263%	$232K	$719K	10x	as long as short