Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 48.730 | +0.0226 | pay 0.0226% / 8h | 7h 42m | $1.0M | $3.7M | 50x | Long MEXC | |
| SHORT | 48.740 | −0.0015 | pay 0.0002% / 1h | 42m 18s | $851K | $1.0M | 10x | Short QFEX37% off |
Price gap+0.021%
Funding gap−0.0241% /8h
The gap pays +$15 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 2.1 days. At the last 7 days' pace that is about 5.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$18−0.0241% /8h now · paid −0.180% over the last 7D
Price+$15spread +0.021% now, avg −0.131% → +0.151% if it goes back
Costs−$700.700% of $10k · taker + slippage, in and out
Result−$73−0.73%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+0.021%
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 size6.1 / 37.1 bpAt $10k entering QFEX costs 37.1 bp, fee and slippage, 6.1× MEXC’s.
- Note: Margin at max leverage$200 + $1,000MEXC 50x, QFEX 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: −$7.24Long MEXC: 3 payments, −$6.78; short QFEX: 24 payments, −$0.46.
- OK: Entry gap works for you+0.021% vs −0.131%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$851K vs $1.0M OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · QFEX NoKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0086%/8h × 21 periods−$18.03
Price spread+0.021% → −0.131% (7d avg)+$15.13
Slippage, 4 orderslive order books−$46.03
Fee MEXC bp × 2 orders−$4.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$72.93
Costs to cover0.700%Break-evennever at this rate
Slippage: MEXC: live order book, 3 min ago; QFEX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC2.066.1 bp−$69.1 bp−$9126.2 bp−$2,619189.6 bp−$94.8K
SELL · SHORTQFEX11.2937.1 bp−$3743.6 bp−$436doesn’t fitdoesn’t fit
Closing costs about the same again.
AAOI news
posts that mention AAOI or Applied Optoelectronics, from every exchange| 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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