AAOI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKAAOI2USD-USDT	66.970	+0.0050	pay 0.0050% / 8h	2m 11s	$921K	$1.7M	—	Long BingX
SHORT	PopdexAAOIUSDT	67.180	−0.0096	pay 0.0012% / 1h	2m 11s	$171K	$129K	20x	Short Popdex

Price gap+0.314%

Funding gap−0.0146% /8h

The gap pays +$27 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 6.3 days. At the last 7 days' pace that is about 2.2 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$87−0.0146% /8h now · paid −0.873% over the last 7D

Price+$27spread +0.314% now, avg +0.039% → +0.275% if it goes back

Costs−$590.592% of $10k · taker + slippage, in and out

Result−$119−1.19%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.314%

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 25 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size7.3 / 18.4 bp
At $10k entering Popdex costs 18.4 bp, fee and slippage, 2.5× BingX’s.
Note: Margin at max leverage— + $500
BingX —, Popdex 20x. 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: −$4.38Long BingX: 3 payments, −$1.50; short Popdex: 24 payments, −$2.88.
OK: Entry gap works for you+0.314% vs +0.039%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$171K vs $921K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Popdex 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−0.0416%/8h × 21 periods−$87.34

Price spread+0.314% → +0.039% (7d avg)+$27.47

Slippage, 4 orderslive order books−$42.75

Fee BingX bp × 2 orders−$10.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$119.03

Costs to cover0.592%Break-evennever at this rate

Slippage: BingX: live order book, 15 min ago; Popdex: live order book, 36 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX0.757.3 bp−$713.5 bp−$13585.2 bp−$8,516576.0 bp−$288.0K

SELL · SHORTPopdex1.4918.4 bp−$1896.6 bp−$966doesn’t fitdoesn’t fit

Closing costs about the same again.

AAOI news

posts that mention AAOI or Applied Optoelectronics, from every exchangeSearch all news →

10-13 18:53	Paragon	Other	Jul 31 to Aug 14, $BTC was basically flat, while $AAOI ran +63%, $CRDO +26% and $COHR +25%. @tradeparagon on X ↗
10-12 12:27	TxFlow	Listing	new market AAOI-USDC ($AAOI) seen by our collector
09-18 12:57	Paragon	Listing	Ciena ($CIEN), IREN ($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 ↗