Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Variational Omni against Lighter+0.215%7-day average — · you sell dearer than you buy

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

Long on Lighter 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 airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.215% dearer against Lighter than usual: you sell high and buy low (spread +0.215% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	107.55	0.0032	pay 0.0004% / 1h	37m 51s	—	—	10x
Short	Variational Omni AAOI	107.78	0	get 0.0000% / 8h	1h 37m	$148K	$127K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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 LighterbpFee Variational OmnibpOrdersPrice spread, now +0.215%Rate

Funding earned: −$6.72
Price spread: +0.215% → 0.000%: $21.49
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $14.77
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 6 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 Lighter no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 6 min ago	7.23 bp	doesn't fit	67.0 bp −$670	doesn't fit	doesn't fit

Lighter: 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	107.73	+0.167%	$3.0M	$3.7M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.94	+0.364%	$40K	$37K	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.64	+0.084%	$3.7M	$13.1M	50x	as long as short
Variational Omni AAOIshort	0.0000%	8h	107.78	+0.215%	$148K	$127K	—
SunX AAOI-USDT	0.0000%	8h	107.59	+0.037%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.79	+0.223%	$24K	$47K	20x	as long as short
Extended AAOI-USD	+0.0008%	1h	107.58	+0.029%	$15K	$232K	10x	as long as short
Binance AAOIUSDT	+0.0011%	8h	107.62	+0.068%	$14.6M	$44.7M	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0018%	8h	107.88	+0.307%	$902	$115K	10x	as long as short
Lighter AAOIlong	+0.0032%	1h	107.55	long leg	—	—	10x

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	+0.195%	$277K	$64K	20x	as long as short
QFEX AAOI-USD	+0.0041%	1h	107.59	+0.037%	$1.1M	$1.9M	10x	as long as short
Bybit AAOIUSDT	+0.0045%	8h	107.64	+0.084%	$1.7M	$2.8M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.62	+0.065%	$198	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.57	+0.019%	$451K	$200K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.54	−0.009%	$1K	$13K	10x	as long as short
edgeX AAOIUSDC	+0.0103%	4h	107.79	+0.220%	$13K	$263K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.55	0.000%	—	—	10x	as long as short
Paragon para:AAOI	+0.0247%	1h	107.65	+0.094%	$226K	$720K	10x	as long as short
tradeXYZ xyz:AAOI	+0.0324%	1h	107.55	0.000%	$2.0M	$1.4M	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0426%	8h	107.73	+0.167%	$4.9M	$20.4M	20x	as long as short