Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0032%/8hpaid last 24h —

Price spread now: Lighter against Variational Omni−0.060%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.060% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 6.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAOI	107.88	0	get 0.0000% / 8h	4h 22m	$175K	$156K	—
Short	Lighter AAOI	107.82	0.0032	get 0.0004% / 1h	22m 27s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpOrdersPrice spread, now −0.060%Rate

Funding earned: $6.72
Price spread: −0.060% → 0.000%: −$5.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.75
Costs to cover: 0.000%
Break-even: 6.2 days

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Lighter: 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 Variational Omni RFQ quote, 10 min ago	5.28 bp	doesn't fit	57.2 bp −$572	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
BloFin AAOI-USDT	−0.0001%	8h	107.81	−0.069%	$249K	$65K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.87	−0.010%	$40K	$36K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	107.85	−0.028%	$17K	$209K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	107.87	−0.013%	$14.9M	$39.9M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	107.87	−0.013%	$1.9M	$2.5M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	107.92	+0.033%	$4.3M	$17.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.83	−0.050%	$4.3M	$30.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	107.81	−0.069%	$2.8M	$2.7M	20x	as long as short
Variational Omni AAOIlong	0.0000%	8h	107.88	long leg	$175K	$156K	—
GRVT AAOI_USDT_Perp	0.0000%	8h	107.78	−0.097%	$844	$125K	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	107.81	−0.069%	$953	$1.3M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.60	−0.264%	$24K	$31K	20x	as long as short
QFEX AAOI-USD	+0.0022%	1h	107.86	−0.023%	$1.1M	$2.3M	10x	as long as short
Lighter AAOIshort	+0.0032%	1h	107.82	−0.060%	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	107.87	−0.013%	$523	$111K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.79	−0.088%	$459K	$179K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.81	−0.069%	$1K	$10K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.80	−0.081%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0110%	1h	107.83	−0.050%	$2.3M	$985K	10x	as long as short
Paragon para:AAOI	+0.0695%	1h	108.01	+0.114%	$692K	$434K	10x	as long as short
edgeX AAOIUSDC	+0.0802%	4h	107.77	−0.102%	$13K	$260K	10x	as long as short