Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0351%/8h= −38.5% APRpaid last 24h −0.094%

Price spread now: HTX against Paragon+0.203%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on HTX

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

The price spread pays, funding is against you. HTX is 0.203% dearer against Paragon than usual: you sell high and buy low (spread +0.203% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AAOI	109.00	0.0351	pay 0.0044% / 1h	44m 30s	$227K	$720K	10x
Short	HTX AAOI-USDT	109.22	0	get 0.0000% / 8h	5h 44m	$24K	$47K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.203%Rate

Funding earned: −$73.74
Price spread: +0.203% → 0.000%: $20.27
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$75.48
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 58 min ago; HTX: no order-book sample. 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, 58 min ago	3.25 bp	24.0 bp −$24	64.3 bp −$643	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0328%	8h	109.07	+0.065%	$3.3M	$4.3M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.05	+0.045%	$40K	$43K	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	109.10	+0.093%	$1.8M	$3.0M	25x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.05	+0.047%	$3.8M	$12.7M	50x	as long as short
SunX AAOI-USDT	0.0000%	8h	108.94	−0.054%	$878	$1.1M	10x	as long as short
HTX AAOI-USDTshort	0.0000%	8h	109.22	+0.203%	$24K	$47K	20x
QFEX AAOI-USD	+0.0031%	1h	109.00	+0.001%	$1.1M	$1.8M	10x	as long as short
Lighter AAOI	+0.0032%	1h	108.96	−0.036%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.07	+0.065%	$1K	$109K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0050%	1h	108.94	−0.054%	$1.9M	$1.7M	10x	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_mythos	+0.0100%	8h	109.00	+0.001%	$1K	$14K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	108.97	−0.027%	$450K	$365K	20x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.06	+0.052%	—	—	10x	as long as short
Variational Omni AAOI	+0.0118%	8h	109.16	+0.150%	$117K	$156K	—	as long as short
OKX AAOI-USDT-SWAP	+0.0217%	8h	109.12	+0.111%	$4.8M	$22.4M	20x	as long as short
BloFin AAOI-USDT	+0.0252%	8h	109.19	+0.175%	$272K	$75K	20x	as long as short
Binance AAOIUSDT	+0.0257%	8h	109.08	+0.074%	$14.8M	$49.8M	20x	as long as short
Extended AAOI-USD	+0.0264%	1h	109.01	+0.014%	$14K	$238K	10x	as long as short
Paragon para:AAOIlong	+0.0351%	1h	109.00	long leg	$227K	$720K	10x
GRVT AAOI_USDT_Perp	+0.0775%	8h	109.13	+0.116%	$806	$110K	10x	as long as short
edgeX AAOIUSDC	+0.0897%	4h	109.15	+0.141%	$12K	$264K	10x	as long as short