Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Popdex+0.128%7-day average +0.012% · you sell dearer than you buy

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

Long on Popdex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.128%, 7d avg +0.012%

Together, before fees+0.121%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.116% dearer against Popdex than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.012%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AAOIUSDT	110.14	0.0048	pay 0.0006% / 1h	40m 04s	$1K	$109K	20x
Short	Variational Omni AAOI	110.28	0	get 0.0000% / 8h	3h 40m	$151K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Popdex. 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 PopdexbpFee Variational OmnibpOrdersPrice spread, now +0.128%Rate

Funding earned: −$10.08
Price spread: +0.128% → +0.012%: $11.56
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.92
Costs to cover: 0.064%
Break-even: from the start

Slippage unknown: Popdex: live order book, 13 min ago; Variational Omni: RFQ quote, 14 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 Popdex live order book, 13 min ago	3.14 bp	23.5 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 14 min ago	4.23 bp	doesn't fit	52.2 bp −$522	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
Aster AAOIUSDT	0.0000%	8h	110.10	−0.033%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.08	−0.056%	$16K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.11	−0.027%	$15.0M	$42.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.12	−0.018%	$4.0M	$13.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.14	0.000%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOIshort	0.0000%	8h	110.28	+0.128%	$151K	$131K	—
SunX AAOI-USDT	0.0000%	8h	110.75	+0.554%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.66	+0.472%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0003%	8h	110.37	+0.209%	$270K	$63K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0030%	8h	110.78	+0.581%	$763	$105K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	110.13	−0.009%	—	—	10x	as long as short
Popdex AAOIUSDTlong	+0.0048%	1h	110.14	long leg	$1K	$109K	20x
QFEX AAOI-USD	+0.0076%	1h	110.16	+0.018%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.16	+0.018%	$461K	$185K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	110.10	−0.036%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.09	−0.045%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0123%	8h	110.12	−0.018%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0303%	8h	110.15	+0.009%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0358%	1h	110.10	−0.036%	$2.0M	$1.4M	10x	as long as short
edgeX AAOIUSDC	+0.0360%	4h	110.71	+0.520%	$13K	$263K	10x	as long as short
Paragon para:AAOI	+0.0501%	1h	110.16	+0.014%	$233K	$719K	10x	as long as short