Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 70.583 | +0.0582 | pay 0.0291% / 4h | 57m 58s | $11K | $165K | 10x | Long edgeX | |
| SHORT | 70.960 | +0.0104 | get 0.0013% / 1h | 57m 58s | $11K | $158K | 20x | Short TxFlow5% off |
Price gap+0.534%60s
Funding gap−0.0479% /8h
The gap pays +$53 on $10k if it goes back to its 7d average, but funding costs $14 a day and eats that in about 3.7 days. At the last 7 days' pace that is about 10 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$36−0.0479% /8h now · paid −0.360% over the last 7D
Price—spread +0.534%60s now · prices read too far apart to compare
Costs−$570.566% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropedgeX: points · TxFlow: points · farm boardneeds both prices read together
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+0.534%
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 · 4 to watch- Watch: Thin at this size15.0 / 11.7 bpAt $10k entering edgeX costs 15.0 bp, fee and slippage, 1.3× TxFlow’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$14.36Long edgeX: 6 payments, −$17.47; short TxFlow: 24 payments, +$3.11.
- Watch: Prices read 60 s apart+0.534% vs 0.000%Part of this gap may be the market moving.
- Watch: Long leg is thinner$11K vs $11K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0172%/8h × 21 periods−$36.03
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$38.63
Fee edgeX bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$92.66
price spread not counted: prices read too far apartCosts to cover0.566%Break-evennever at this rate
Slippage: edgeX: live order book, 43 min ago; TxFlow: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX6.6015.0 bp−$15doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.2011.7 bp−$1223.8 bp−$238doesn’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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