Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h —

Price spread now: Aevo against Bybit+0.049%59s7-day average — · you sell dearer than you buy

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

Long on Bybit 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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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	Bybit AAOIUSDT	107.61	0.0045	pay 0.0045% / 8h	1h 38m	$1.7M	$2.8M	25x
Short	Aevo AAOI-PERP	107.66	0.0104	get 0.0013% / 1h	38m 24s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.049%Rate

Funding earned: $12.31
Price spread: +0.049% → 0.000%: $4.92
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.77
Costs to cover: 0.270%
Break-even: 12.6 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.78 bp	11.9 bp −$12	90.5 bp −$905	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
Bitget AAOIUSDT	−0.1454%	8h	107.71	+0.093%	$3.0M	$3.7M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.91	+0.283%	$40K	$37K	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.68	+0.065%	$3.7M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.78	+0.159%	$148K	$127K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	107.74	+0.121%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.79	+0.167%	$24K	$47K	20x	as long as short
Extended AAOI-USD	+0.0008%	1h	107.58	−0.025%	$15K	$232K	10x	as long as short
Binance AAOIUSDT	+0.0011%	8h	107.55	−0.054%	$14.6M	$44.7M	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0018%	8h	107.88	+0.252%	$902	$115K	10x	as long as short
Lighter AAOI	+0.0032%	1h	107.64	+0.028%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0036%	8h	107.76	+0.139%	$277K	$64K	20x	as long as short
QFEX AAOI-USD	+0.0041%	1h	107.59	−0.019%	$1.1M	$1.9M	10x	as long as short
Bybit AAOIUSDTlong	+0.0045%	8h	107.61	long leg	$1.7M	$2.8M	25x
Popdex AAOIUSDT	+0.0048%	1h	107.62	+0.009%	$198	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.55	−0.056%	$451K	$201K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.65	+0.037%	$1K	$13K	10x	as long as short
edgeX AAOIUSDC	+0.0103%	4h	107.79	+0.164%	$13K	$263K	10x	as long as short
Aevo AAOI-PERPshort	+0.0104%	1h	107.66	+0.049%	—	—	10x
Paragon para:AAOI	+0.0247%	1h	107.65	+0.038%	$226K	$720K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0317%	1h	107.57	−0.037%	$2.0M	$1.4M	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0426%	8h	107.62	+0.009%	$4.9M	$20.3M	20x	as long as short