AAOI Funding Rate — live across 10 venues

Compared across 10 supported venues · net of estimated fees · updated every few minutes

Live annualized AAOI perpetual funding across all 10 venues Perpia tracks. Right now AAOI funding is positive on 4 and negative on 0, ranging from +39.1% on Bybit to +0.0% on Aster — a spread of 39.1%. The widest delta-neutral trade is long Extended / short Bybit at 36.5% net APR.

venues

paying positive

39.1%

funding spread

Best AAOI spread now

36.5%

net APR after fees

Long Extended→Short Bybit

size depends on live venue depth — see the real cap in the scanner

AAOI funding trend & liquidity

168h of history

39.1%

current gross APR

-0.3%

24h average

-8.6%

7-day average

$46K

pair OI · lower leg

$112K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

AAOI funding rate history

30d · 6h buckets · 10 venues

201%0-142.2%

6 Aug5 Sep

AAOI — average across 10 venuesAsterExtendedBitgetKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +9.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

AAOI funding rate by venue

18 pairs scanned

Venue	Funding APR	Interval
Bybit ↗	+39.1%	8h
KuCoin ↗	+10.9%	8h
Hyperliquid ↗	+5.5%	1h
trade.xyz ↗	+5.5%	1h
Extended ↗	+0.0%	1h
OKX ↗	+0.0%	8h
Variational ↗	+0.0%	8h
Gate.io ↗	+0.0%	8h
Bitget ↗	+0.0%	8h
Aster ↗	+0.0%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Extended vs Bybit page.

AAOI arbitrage — 30-day backtest

long Extended · short Bybit

-3.6%

backtested APR

−$30

historical net P&L on $10,000

0.40%

max drawdown

$10,000$9,970

30 days agostarting capital $10,000today

Over the last 30 days, holding long Extended / short Bybit would have produced -3.6% APR — versus the 36.5% the live spread implies right now (equity $10,000 → $9,970). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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AAOI funding — FAQ

Is AAOI funding positive right now?

AAOI perpetual funding is positive on 4 of 10 venues Perpia tracks. The highest is +39.1% on Bybit; the lowest is +0.0% on Aster.

What is the best AAOI funding arbitrage right now?

Go long Extended and short Bybit for about 36.5% net APR after fees — the widest delta-neutral AAOI spread Perpia currently sees.

Which exchange has the highest AAOI funding rate?

Bybit, at +39.1% annualized. Funding shifts continuously, so check the live table above before trading.

How AAOI funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to AAOI

Markets also quoted on both Bybit and Extended — the same two exchanges you would already have funded for the AAOI trade.

See every spread between them on the Bybit vs Extended page.

Open the live scanner →All funding rates Funding by exchange How we calculate this