Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: Paragon against Aevo+0.124%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Paragon

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

The price spread pays, funding is against you. Paragon is 0.124% dearer against Aevo than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAOI-PERP	111.53	0.0104	pay 0.0013% / 1h	3m 00s	—	—	10x
Short	Paragon para:AAOI	111.67	0.0060	get 0.0008% / 1h	3m 00s	$270K	$686K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Aevo. 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 AevobpFee ParagonbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$9.24
Price spread: +0.124% → 0.000%: $12.43
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$22.81
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Paragon: live order book, 53 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 Aevo no order-book sample	—	—	—	—	—
Sell Paragon live order book, 53 min ago	5.35 bp	41.7 bp −$42	147.7 bp −$1,477	doesn't fit	doesn't fit

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
QFEX AAOI-USD	−0.0006%	1h	111.59	+0.053%	$1.1M	$2.5M	10x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.54	+0.006%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.54	+0.004%	$15K	$203K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.55	+0.017%	$15.2M	$42.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.62	+0.079%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.62	+0.079%	$4.3M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.65	+0.106%	$4.1M	$25.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.62	+0.079%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.83	+0.272%	$153K	$164K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.80	+0.242%	$324	$100K	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	111.71	+0.160%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.83	+0.268%	$24K	$39K	20x	as long as short
BloFin AAOI-USDT	+0.0016%	8h	111.65	+0.106%	$246K	$62K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.54	+0.008%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.63	+0.088%	$441	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0059%	4h	111.81	+0.248%	$13K	$263K	10x	as long as short
Paragon para:AAOIshort	+0.0060%	1h	111.67	+0.124%	$270K	$686K	10x
KuCoin AAOIUSDTM	+0.0100%	8h	111.60	+0.061%	$467K	$164K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.55	+0.017%	$2K	$14K	10x	as long as short
Aevo AAOI-PERPlong	+0.0104%	1h	111.53	long leg	—	—	10x
tradeXYZ xyz:AAOI	+0.0276%	1h	111.58	+0.044%	$2.0M	$1.4M	10x	as long as short