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 −0.005%

Price spread now: Variational Omni against Binance+0.037%7-day average −0.002% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.037%, 7d avg −0.002%

Together, before fees−0.102%+ Points / potential airdropVariational Omni: Active · farm board−$10 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: Variational Omni is 0.038% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAOIUSDT	108.94	0	get 0.0000% / 8h	3h 07m	$14.8M	$42.9M	20x
Short	Variational Omni AAOI	108.98	0	get 0.0000% / 8h	3h 07m	$149K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.002%: $3.82
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.18
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Variational Omni: RFQ quote, 46 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 Binance live order book, 4 min ago	1.83 bp	9.6 bp −$10	37.7 bp −$377	97.2 bp −$9,718	doesn't fit
Sell Variational Omni RFQ quote, 46 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
Bitget AAOIUSDT	−0.0561%	8h	108.95	+0.009%	$2.7M	$3.1M	20x	as long as short
BloFin AAOI-USDT	−0.0030%	8h	108.82	−0.110%	$270K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.88	−0.053%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	108.90	−0.036%	$15K	$218K	10x	as long as short
Binance AAOIUSDTlong	0.0000%	8h	108.94	long leg	$14.8M	$42.9M	20x
Gate AAOI_USDT	0.0000%	8h	108.94	0.000%	$3.9M	$13.3M	50x	as long as short
Variational Omni AAOIshort	0.0000%	8h	108.98	+0.037%	$149K	$131K	—
SunX AAOI-USDT	0.0000%	8h	109.05	+0.101%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	108.98	+0.037%	$24K	$45K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0026%	8h	108.92	−0.017%	$813	$109K	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	108.90	−0.037%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	108.94	0.000%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	108.92	−0.018%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	108.94	0.000%	$456K	$192K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	108.88	−0.055%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	108.88	−0.051%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0113%	8h	108.95	+0.009%	$1.7M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0369%	8h	108.97	+0.028%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0385%	1h	108.85	−0.083%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOI	+0.0418%	1h	108.78	−0.142%	$229K	$720K	10x	as long as short
edgeX AAOIUSDC	+0.0667%	4h	108.79	−0.136%	$13K	$263K	10x	as long as short