Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Variational Omni−0.103%48s7-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 Aevo

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 · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.103% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day). The two prices were read 48 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	Variational Omni AAOI	111.59	0	get 0.0000% / 8h	6h 58m	$153K	$164K	—
Short	Aevo AAOI-PERP	111.48	0.0104	get 0.0013% / 1h	58m 26s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpOrdersPrice spread, now −0.103%Rate

Funding earned: $21.84
Price spread: −0.103% → 0.000%: −$10.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.47
Costs to cover: 0.160%
Break-even: 8.4 days

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; Aevo: 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, 11 min ago	3.27 bp	doesn't fit	59.9 bp −$599	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.0019%	8h	111.50	−0.081%	$247K	$61K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.37	−0.196%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.33	−0.237%	$15K	$203K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.29	−0.269%	$15.2M	$42.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.29	−0.269%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.36	−0.207%	$4.4M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.46	−0.117%	$4.1M	$14.3M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.40	−0.171%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOIlong	0.0000%	8h	111.59	long leg	$153K	$164K	—
GRVT AAOI_USDT_Perp	0.0000%	8h	111.64	+0.041%	$318	$99K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAOI-USDT	0.0000%	8h	111.50	−0.081%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.48	−0.099%	$24K	$39K	20x	as long as short
QFEX AAOI-USD	+0.0015%	1h	111.34	−0.224%	$1.1M	$2.5M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.35	−0.215%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.37	−0.198%	$958	$108K	20x	as long as short
edgeX AAOIUSDC	+0.0090%	4h	111.58	−0.007%	$13K	$264K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.38	−0.189%	$466K	$164K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.29	−0.269%	$2K	$14K	10x	as long as short
Aevo AAOI-PERPshort	+0.0104%	1h	111.48	−0.103%	—	—	10x
tradeXYZ xyz:AAOI	+0.0172%	1h	111.37	−0.198%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0358%	1h	111.47	−0.108%	$269K	$686K	10x	as long as short