Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

AAOI

RWAAll AAOI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKAAOI2USD-USDT
98.810+0.0214pay 0.0214% / 8h1h 42m$921K$1.7M—Long BingX
SHORT
Paragonpara:AAOI
98.956+0.0096get 0.0012% / 1h42m 31s$117K$29K10xShort Paragon
Price gap+0.148%
Funding gap−0.0118% /8h

The gap pays +$22 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 6.2 days. At the last 7 days' pace that is about 17 months.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0−0.0118% /8h now · paid −0.003% over the last 7D
Price+$22spread +0.148% now, avg −0.073% → +0.221% if it goes back
Costs−$670.666% of $10k · taker + slippage, in and out
Result−$45−0.45%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.148%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

AAOI on 22 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size9.3 / 29.5 bp
    At $10k entering Paragon costs 29.5 bp, fee and slippage, 3.2× BingX’s.
  • Note: Margin at max leverage— + $1,000
    BingX —, Paragon 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$3.55Long BingX: 3 payments, −$6.42; short Paragon: 24 payments, +$2.87.
  • OK: Entry gap works for you+0.148% vs −0.073%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$117K vs $921K OI
    Paragon sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Paragon No
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0001%/8h × 21 periods−$0.31
Price spread+0.148% → −0.073% (7d avg)+$22.09
Slippage, 4 orderslive order books−$54.77
Fee BingX bp × 2 orders−$10.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$44.79
Costs to cover0.666%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; Paragon: live order book, 66 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX0.519.3 bp−$915.3 bp−$15363.2 bp−$6,318172.1 bp−$86.0K
SELL · SHORTParagon10.8229.5 bp−$3095.8 bp−$958doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

AAOI news

posts that mention AAOI or Applied Optoelectronics, from every exchangeSearch all news →
09-18 12:57ParagonListingCiena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗