Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 68.140 | +0.2948 | pay 0.2948% / 8h | 5h 29m | $921K | $1.7M | — | Long BingX | |
| SHORT | 68.032 | +0.0371 | get 0.0046% / 1h | 29m 15s | $5.4M | $301K | 10x | Short tradeXYZ |
Price gap−0.158%
Funding gap−0.2577% /8h
Funding costs $77 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$50−0.2577% /8h now · paid −0.495% over the last 7D
Price−$1spread −0.158% now, avg −0.144% → −0.015% if it goes back
Costs−$310.313% of $10k · taker + slippage, in and out
Result−$82−0.82%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.495% in total, about −0.0236%/8h on average.
Price and funding
1h · historyEntry / 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−0.158%
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
/8hAAOI on 25 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books7.0 / 8.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$77.31Long BingX: 3 payments, −$88.44; short tradeXYZ: 24 payments, +$11.13.
- Note: Gap at its usual level−0.158% vs −0.144%The price leg adds little either way.
- Watch: Long leg is thinner$921K vs $5.4M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ NoAdvanced 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 outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0236%/8h × 21 periods−$49.53
Price spread−0.158% → −0.144% (7d avg)−$1.49
Slippage, 4 orderslive order books−$19.47
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$82.29
Costs to cover0.313%Break-evennever at this rate
Slippage: BingX: live order book, 7 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.737.0 bp−$712.6 bp−$12652.6 bp−$5,264476.2 bp−$238.1K
SELL · SHORTtradeXYZ1.698.8 bp−$960.8 bp−$608doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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 ↗ |


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