Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h —

Price spread now: Bybit against Aevo+0.186%49s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.186% dearer against Aevo than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Aevo AAOI-PERP	111.90	0.0104	pay 0.0013% / 1h	47m 28s	—	—	10x
Short	Bybit AAOIUSDT	112.11	0.0100	get 0.0100% / 8h	7h 47m	$1.8M	$2.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$0.94
Price spread: +0.186% → 0.000%: $18.62
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9.32
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	2.23 bp	33.4 bp −$33	133.0 bp −$1,330	doesn't fit	doesn't fit

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
BloFin AAOI-USDT	−0.0014%	8h	112.09	+0.168%	$244K	$65K	20x	as long as short
QFEX AAOI-USD	−0.0006%	1h	111.99	+0.079%	$1.1M	$2.5M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.92	+0.013%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	112.00	+0.085%	$15K	$231K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	112.04	+0.123%	$15.3M	$43.7M	20x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	112.09	+0.168%	$4.3M	$19.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	112.07	+0.150%	$4.2M	$25.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	112.10	+0.177%	$2.8M	$3.2M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	112.00	+0.090%	$153K	$164K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	112.05	+0.133%	$885	$1.3M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	111.92	+0.016%	$24K	$38K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.96	+0.052%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	112.03	+0.115%	$233	$108K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0052%	8h	112.07	+0.149%	$1K	$104K	10x	as long as short
Paragon para:AAOI	+0.0060%	1h	112.09	+0.171%	$271K	$702K	10x	as long as short
Bybit AAOIUSDTshort	+0.0100%	8h	112.11	+0.186%	$1.8M	$2.8M	25x
KuCoin AAOIUSDTM	+0.0100%	8h	111.97	+0.061%	$469K	$183K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	112.03	+0.115%	$2K	$14K	10x	as long as short
Aevo AAOI-PERPlong	+0.0104%	1h	111.90	long leg	—	—	10x
edgeX AAOIUSDC	+0.0189%	4h	112.02	+0.107%	$13K	$264K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0779%	1h	112.07	+0.150%	$2.0M	$1.4M	10x	as long as short