Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0443%/8h= +48.5% APRpaid last 24h +0.109%

Price spread now: Paragon against Aster−0.174%53s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Paragon is 0.174% cheaper against Aster than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 31 hours of funding at the current rate (+$13 a day). The two prices were read 53 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	Aster AAOIUSDT	109.60	0	get 0.0000% / 8h	3h 21m	$40K	$37K	20x
Short	Paragon para:AAOI	109.41	0.0443	get 0.0055% / 1h	21m 48s	$231K	$719K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Aster. 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 AsterbpFee ParagonbpOrdersPrice spread, now −0.174%Rate

Funding earned: $93.11
Price spread: −0.174% → 0.000%: −$17.39
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: $57.72
Costs to cover: 0.180%
Break-even: 2.7 days

Slippage unknown: Aster: no order-book sample; Paragon: live order book, 64 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 Aster no order-book sample	—	—	—	—	—
Sell Paragon live order book, 64 min ago	1.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aster: 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	−0.0138%	8h	109.78	+0.166%	$2.7M	$3.0M	20x	as long as short
BloFin AAOI-USDT	−0.0002%	8h	109.64	+0.039%	$267K	$63K	20x	as long as short
Aster AAOIUSDTlong	0.0000%	8h	109.60	long leg	$40K	$37K	20x
Extended AAOI-USD	0.0000%	1h	109.55	−0.044%	$14K	$214K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.70	+0.098%	$14.9M	$42.6M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.71	+0.103%	$3.9M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	109.89	+0.267%	$151K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	109.56	−0.034%	$924	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	109.51	−0.080%	$24K	$44K	20x	as long as short
Lighter AAOI	+0.0032%	1h	109.60	+0.002%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAOI_USDT_Perp	+0.0035%	8h	109.62	+0.024%	$875	$108K	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.61	+0.011%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	109.55	−0.043%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.60	+0.002%	$459K	$188K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.54	−0.053%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.52	−0.070%	—	—	10x	as long as short
edgeX AAOIUSDC	+0.0108%	4h	110.18	+0.527%	$13K	$263K	10x	as long as short
Bybit AAOIUSDT	+0.0122%	8h	109.78	+0.166%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0327%	8h	109.83	+0.212%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0356%	1h	109.68	+0.075%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIshort	+0.0443%	1h	109.41	−0.174%	$231K	$719K	10x