Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 53.603 | +0.0060 | pay 0.0008% / 1h | 7m 36s | $101K | $556K | 10x | Long Paragon | |
| SHORT | 53.630 | 0 | 0.0000% / 8h | 7m 36s | $3.8M | $11.3M | 50x | Short Gate |
Price gap+0.050%
Funding gap−0.0060% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.163% under its 7d average. Swap the legs.
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−$16spread +0.050% now, avg +0.214% → −0.163% if it goes back
Costs−$720.723% of $10k · taker + slippage, in and out
Result−$159−1.59%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+0.050%
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
0 ok · 5 to watch- Watch: Thin at this size10.6 / 16.9 bpAt $10k entering Gate costs 16.9 bp, fee and slippage, 1.6× Paragon’s.
- Note: Margin at max leverage$1,000 + $200Paragon 10x, Gate 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.80Long Paragon: 24 payments, −$1.80; short Gate: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.050% vs +0.214%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$101K vs $3.8M OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon No · Gate YesKYC 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+0.050% → +0.214% (7d avg)−$16.33
Slippage, 4 orderslive order books−$55.49
Fee Paragon bp × 2 orders−$1.80
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$159.49
Costs to cover0.723%Break-evennever at this rate
Slippage: Paragon: live order book, 39 min ago; Gate: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon2.1010.6 bp−$1151.0 bp−$510doesn’t fitdoesn’t fit
SELL · SHORTGate4.6616.9 bp−$1757.3 bp−$573346.9 bp−$34.7Kdoesn’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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