Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.108%
Price spread now: Bybit against Paragon+0.045%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1051.050% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.045%, 7d avg +0.033%
=The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:AAOI | 108.01 | 0.0130 | pay 0.0016% / 1h | 54m 15s | $226K | $721K | 10x |
| Short | Bybit AAOIUSDT | 108.06 | 0.0042 | get 0.0042% / 8h | 1h 54m | $1.7M | $2.8M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paragon. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.45
- Price spread: +0.045% → +0.033%
- $1.25
- Slippage, 4 orders
- −$83.97
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$122.16
- Costs to cover
- 1.050%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 11 min ago; Bybit: live order book, 3 min ago.
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 Paragon live order book, 11 min ago | 2.30 bp | 37.7 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.23 bp | 29.4 bp −$29 | 83.5 bp −$835 | doesn't fit | doesn't fit |
AAOI on 21 venues
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 | −0.1318% | 8h | 108.11 | +0.092% | $3.0M | $3.7M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 108.24 | +0.207% | $40K | $37K | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 108.03 | +0.017% | $3.8M | $13.0M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 108.14 | +0.120% | $148K | $127K | — | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 108.24 | +0.212% | $948 | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 108.28 | +0.249% | $24K | $46K | 20x | as long as short |
| Extended AAOI-USD | +0.0008% | 1h | 108.00 | −0.006% | $14K | $229K | 10x | as long as short |
| Binance AAOIUSDT | +0.0010% | 8h | 108.03 | +0.017% | $14.7M | $44.6M | 20x | as long as short |
| BloFin AAOI-USDT | +0.0018% | 8h | 108.22 | +0.193% | $275K | $64K | 20x | as long as short |
| GRVT AAOI_USDT_Perp | +0.0027% | 8h | 108.43 | +0.388% | $950 | $115K | 10x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AAOI | +0.0032% | 1h | 108.00 | −0.010% | — | — | 10x | as long as short |
| QFEX AAOI-USD | +0.0041% | 1h | 107.99 | −0.020% | $1.1M | $1.9M | 10x | as long as short |
| Bybit AAOIUSDTshort | +0.0042% | 8h | 108.06 | +0.045% | $1.7M | $2.8M | 25x | |
| Popdex AAOIUSDT | +0.0048% | 1h | 108.00 | −0.010% | $206 | $109K | 20x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 108.00 | −0.010% | $453K | $199K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 108.01 | −0.001% | $1K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 108.00 | −0.013% | — | — | 10x | as long as short |
| Paragon para:AAOIlong | +0.0130% | 1h | 108.01 | long leg | $226K | $721K | 10x | |
| tradeXYZ xyz:AAOI | +0.0374% | 1h | 108.06 | +0.045% | $2.0M | $1.4M | 10x | as long as short |
| edgeX AAOIUSDC | +0.0421% | 4h | 108.57 | +0.515% | $13K | $263K | 10x | as long as short |
| OKX AAOI-USDT-SWAP | +0.0422% | 8h | 108.09 | +0.073% | $4.9M | $20.3M | 20x | as long as short |
Paragon para:AAOI
Bybit AAOIUSDT
Bitget AAOIUSDT
Aster AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
SunX AAOI-USDT
HTX AAOI-USDT
Extended AAOI-USD
Binance AAOIUSDT
BloFin AAOI-USDT
GRVT AAOI_USDT_Perp
Lighter AAOI
Popdex AAOIUSDT
KuCoin AAOIUSDTM
tradeXYZ xyz:AAOI
edgeX AAOIUSDC
OKX AAOI-USDT-SWAP