Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0421%/8h= −46.1% APRpaid last 24h −0.100%

Price spread now: Gate against Paragon+0.080%7-day average +0.069% · you sell dearer than you buy

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

Long on Paragon Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.080%, 7d avg +0.069%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AAOI	109.33	0.0421	pay 0.0053% / 1h	19m 48s	$231K	$719K	10x
Short	Gate AAOI_USDT	109.42	0	get 0.0000% / 8h	3h 19m	$3.9M	$13.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Paragon. 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 ParagonbpFee GatebpOrdersPrice spread, now +0.080%Rate

Funding earned: −$88.41
Price spread: +0.080% → +0.069%: $1.1
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.31
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 66 min ago; Gate: live order book, 4 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 Paragon live order book, 66 min ago	1.34 bp	6.4 bp −$6	95.7 bp −$957	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.84 bp	15.6 bp −$16	51.2 bp −$512	85.7 bp −$8,568	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	−0.0189%	8h	109.46	+0.116%	$2.7M	$3.0M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.29	−0.038%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.34	+0.008%	$14K	$214K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.40	+0.062%	$14.9M	$42.6M	20x	as long as short
Gate AAOI_USDTshort	0.0000%	8h	109.42	+0.080%	$3.9M	$13.1M	50x
Variational Omni AAOI	0.0000%	8h	109.73	+0.364%	$150K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	109.56	+0.208%	$973	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	109.62	+0.263%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0003%	8h	109.75	+0.382%	$269K	$63K	20x	as long as short
Lighter AAOI	+0.0032%	1h	109.41	+0.071%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAOIUSDC	+0.0034%	4h	109.58	+0.228%	$13K	$264K	10x	as long as short
GRVT AAOI_USDT_Perp	+0.0035%	8h	109.62	+0.266%	$875	$108K	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.67	+0.309%	$1K	$108K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	109.66	+0.299%	$1.1M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.35	+0.016%	$458K	$189K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.52	+0.171%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.50	+0.151%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0119%	8h	109.39	+0.052%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0330%	8h	109.42	+0.080%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0355%	1h	109.40	+0.062%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIlong	+0.0421%	1h	109.33	long leg	$231K	$719K	10x