Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0173%/8h= +19.0% APRpaid last 24h +0.064%

Price spread now: Paragon against Orderly−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Paragon is 0.037% cheaper against Orderly than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAOI_USDC_mythos	109.20	0.0100	pay 0.0100% / 8h	5h 04m	$1K	$14K	10x
Short	Paragon para:AAOI	109.16	0.0273	get 0.0034% / 1h	4m 09s	$228K	$718K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee ParagonbpOrdersPrice spread, now −0.037%Rate

Funding earned: $36.41
Price spread: −0.037% → 0.000%: −$3.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paragon: 5 bp × 2 orders: −$10
Net: $16.74
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Orderly: no order-book sample; Paragon: live order book, 35 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Paragon live order book, 35 min ago	3.22 bp	24.7 bp −$25	71.6 bp −$716	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAOI on 21 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAOIUSDT	−0.0086%	8h	109.23	+0.027%	$3.3M	$4.3M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.16	−0.037%	$40K	$43K	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	109.17	−0.027%	$1.8M	$3.0M	25x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.24	+0.037%	$3.8M	$12.8M	50x	as long as short
SunX AAOI-USDT	0.0000%	8h	109.28	+0.073%	$1K	$1.1M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	109.29	+0.082%	$24K	$46K	20x	as long as short
QFEX AAOI-USD	+0.0031%	1h	109.22	+0.018%	$1.1M	$1.8M	10x	as long as short
Lighter AAOI	+0.0032%	1h	109.16	−0.037%	—	—	10x	as long as short
Variational Omni AAOI	+0.0033%	8h	109.27	+0.065%	$117K	$155K	—	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.26	+0.055%	$944	$110K	20x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAOI_USDC_mythoslong	+0.0100%	8h	109.20	long leg	$1K	$14K	10x
KuCoin AAOIUSDTM	+0.0100%	8h	109.14	−0.055%	$451K	$405K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0101%	8h	109.26	+0.055%	$4.8M	$22.6M	20x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.20	−0.004%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0129%	1h	109.16	−0.037%	$1.9M	$1.7M	10x	as long as short
Extended AAOI-USD	+0.0136%	1h	109.15	−0.046%	$14K	$236K	10x	as long as short
Binance AAOIUSDT	+0.0140%	8h	109.17	−0.024%	$14.8M	$50.0M	20x	as long as short
BloFin AAOI-USDT	+0.0158%	8h	109.32	+0.110%	$273K	$78K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0241%	8h	109.11	−0.082%	$602	$109K	10x	as long as short
Paragon para:AAOIshort	+0.0273%	1h	109.16	−0.037%	$228K	$718K	10x
edgeX AAOIUSDC	+0.0865%	4h	109.23	+0.032%	$13K	$264K	10x	as long as short