Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 52.595 | 0 | 0.0000% / 8h | 16m 17s | $3.8M | $11.2M | 50x | Long Gate | |
| SHORT | 52.523 | +0.0060 | get 0.0008% / 1h | 16m 17s | $98K | $555K | 10x | Short Paragon |
Price gap−0.137%
Funding gap+0.0060% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.076% above its 7d average: +$8 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$71+0.0060% /8h now · paid +0.709% over the last 7D
Price+$8spread −0.137% now, avg −0.213% → +0.076% if it goes back
Costs−$690.690% of $10k · taker + slippage, in and out
Result+$10+0.10%no points
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−0.137%
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
1 ok · 4 to watch- Watch: Thin at this size17.8 / 22.4 bpAt $10k entering Paragon costs 22.4 bp, fee and slippage, 1.3× Gate’s.
- Note: Margin at max leverage$200 + $1,000Gate 50x, Paragon 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: +$1.80Long Gate: 3 payments, $0.00; short Paragon: 24 payments, +$1.80.
- OK: Entry gap works for you−0.137% vs −0.213%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$98K vs $3.8M OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · Paragon NoKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0337%/8h × 21 periods+$70.87
Price spread−0.137% → −0.213% (7d avg)+$7.64
Slippage, 4 orderslive order books−$52.17
Fee Gate bp × 2 orders−$15.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k+$9.53
Costs to cover0.690%Break-even6.1 days
Slippage: Gate: live order book, 3 min ago; Paragon: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate4.7517.8 bp−$1841.0 bp−$410184.7 bp−$18.5Kdoesn’t fit
SELL · SHORTParagon2.1022.4 bp−$2246.2 bp−$462doesn’t fitdoesn’t fit
Closing costs about the same again.
AAOI news
posts that mention AAOI or Applied Optoelectronics, from every exchange| 11-09 15:13 | Deribit | Listing | 🚨 New launch date: BMNR, WDC, RKLB and AAOI USDC-settled Perpetuals wilil go live Thursday, November 12, 2026, at 12:00 PM UTC. @DeribitOfficial on X ↗ |
| 11-03 13:08 | Deribit | Listing | 🚨 New Equity Perpetuals are coming to Deribit Launching Monday, November 9, 2026, at 10:00 AM UTC. 4 new USDC-settled perpetual contracts will be available on Deribit. BMNR • WDC • RKLB • AAOI Contract details: 🔹 Settlement: USDC 🔹 Contract details and specifications: @DeribitOfficial on X ↗ |
| 10-29 16:06 | Paragon | Other | $STX leads Paragon's 24h movers at +5.66%, with $SOFI up 4.40% and $AAOI up 3.94% close behind. $COHR rounds out the top four at +2.89%. @tradeparagon on X ↗ |
| 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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