Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: OKX against Variational Omni+0.023%7-day average −0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−1.434%−$143 · spread now +0.023%, 7d avg −0.004%

Together, before fees−1.337%+ Points / potential airdropVariational Omni: Active · farm board−$134 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.027% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAOI	110.97	0	get 0.0000% / 8h	6h 13m	$152K	$131K	—
Short	OKX AAOI-USDT-SWAP	111.00	0	get 0.0000% / 8h	6h 13m	$4.4M	$18.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.004%: $2.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$7.28
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 55 min ago; OKX: 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 Variational Omni RFQ quote, 55 min ago	3.27 bp	doesn't fit	59.9 bp −$599	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.45 bp	8.4 bp −$8	43.3 bp −$433	doesn't fit	doesn't fit

AAOI on 20 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	110.93	−0.040%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	110.96	−0.011%	$18K	$202K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.99	+0.014%	$15.1M	$41.6M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.08	+0.095%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAPshort	0.0000%	8h	111.00	+0.023%	$4.4M	$18.9M	20x
Gate AAOI_USDT	0.0000%	8h	111.06	+0.077%	$4.0M	$14.5M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.05	+0.068%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOIlong	0.0000%	8h	110.97	long leg	$152K	$131K	—
GRVT AAOI_USDT_Perp	0.0000%	8h	110.91	−0.060%	$481	$102K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	110.98	+0.005%	$1K	$1.2M	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAOI-USDT	0.0000%	8h	111.02	+0.041%	$24K	$40K	20x	as long as short
QFEX AAOI-USD	+0.0015%	1h	110.99	+0.014%	$1.1M	$2.4M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.00	+0.023%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.03	+0.050%	$942	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.99	+0.014%	$464K	$166K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.00	+0.023%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	110.99	+0.017%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0242%	1h	110.99	+0.014%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0384%	1h	111.04	+0.059%	$239K	$713K	10x	as long as short
edgeX AAOIUSDC	+0.0506%	4h	110.90	−0.066%	$13K	$263K	10x	as long as short