Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Variational Omni against Aevo+0.211%7-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 Variational Omni

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

The price spread pays, funding is against you. Variational Omni is 0.211% dearer against Aevo than usual: you sell high and buy low (spread +0.211% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAOI-PERP	111.76	0.0104	pay 0.0013% / 1h	24m 17s	—	—	10x
Short	Variational Omni AAOI	112.00	0	get 0.0000% / 8h	7h 24m	$153K	$164K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.211%Rate

Funding earned: −$21.84
Price spread: +0.211% → 0.000%: $21.1
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.74
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 50 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 Variational Omni RFQ quote, 50 min ago	3.32 bp	doesn't fit	67.6 bp −$676	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
QFEX AAOI-USD	−0.0006%	1h	111.70	−0.054%	$1.1M	$2.5M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.79	+0.022%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.74	−0.022%	$15K	$243K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.77	+0.012%	$15.3M	$43.0M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.76	−0.001%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.73	−0.027%	$4.3M	$19.2M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.80	+0.035%	$4.2M	$25.0M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.77	+0.008%	$2.8M	$3.1M	20x	as long as short
Variational Omni AAOIshort	0.0000%	8h	112.00	+0.211%	$153K	$164K	—
GRVT AAOI_USDT_Perp	0.0000%	8h	112.07	+0.275%	$1K	$101K	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	111.97	+0.187%	$1K	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	112.02	+0.232%	$24K	$39K	20x	as long as short
BloFin AAOI-USDT	+0.0009%	8h	111.95	+0.169%	$245K	$62K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.68	−0.072%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.74	−0.018%	$441	$109K	20x	as long as short
Paragon para:AAOI	+0.0060%	1h	111.78	+0.017%	$270K	$690K	10x	as long as short
edgeX AAOIUSDC	+0.0084%	4h	112.08	+0.288%	$13K	$262K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.80	+0.035%	$468K	$170K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.79	+0.026%	$2K	$14K	10x	as long as short
Aevo AAOI-PERPlong	+0.0104%	1h	111.76	long leg	—	—	10x
tradeXYZ xyz:AAOI	+0.0333%	1h	111.73	−0.027%	$2.0M	$1.4M	10x	as long as short