Funding you earn now, next payment 07:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.091%
Price spread now: Popdex against Paragon+0.125%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1111.107% of the position
Funding, last 4 days (all we have)−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.125%, 7d avg +0.034%
=The price spread pays, funding is against you. Popdex is 0.092% dearer against Paragon than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.034%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 4 days (−0.062% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.062% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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 | 107.81 | 0.0290 | pay 0.0036% / 1h | 26m 41s | $226K | $721K | 10x |
| Short | Popdex AAOIUSDT | 107.95 | 0.0048 | get 0.0006% / 1h | 26m 41s | $551 | $110K | 20x |
Paragon para:AAOI
Popdex AAOIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$50.89
- Price spread: +0.125% → +0.034%
- $9.17
- Slippage, 4 orders
- −$94.34
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$152.46
- Costs to cover
- 1.107%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 39 min ago; Popdex: live order book, 17 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, 39 min ago | 2.30 bp | 37.7 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 17 min ago | 3.71 bp | 26.5 bp −$27 | doesn't fit | 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 | −0.1518% | 8h | 108.03 | +0.199% | $3.0M | $3.7M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 108.27 | +0.425% | $40K | $37K | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 107.87 | +0.051% | $3.7M | $13.1M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 107.70 | −0.110% | $148K | $127K | — | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 108.01 | +0.181% | $948 | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 108.06 | +0.227% | $24K | $47K | 20x | as long as short |
| GRVT AAOI_USDT_Perp | +0.0015% | 8h | 107.68 | −0.125% | $884 | $114K | 10x | as long as short |
| Binance AAOIUSDT | +0.0016% | 8h | 107.89 | +0.072% | $14.7M | $44.9M | 20x | as long as short |
| Extended AAOI-USD | +0.0016% | 1h | 107.87 | +0.049% | $15K | $226K | 10x | as long as short |
| BloFin AAOI-USDT | +0.0018% | 8h | 107.99 | +0.162% | $279K | $64K | 20x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
SunX AAOI-USDT
HTX AAOI-USDT
GRVT AAOI_USDT_Perp
Binance AAOIUSDT
Extended AAOI-USD
BloFin AAOI-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AAOI | +0.0032% | 1h | 107.90 | +0.079% | — | — | 10x | as long as short |
| QFEX AAOI-USD | +0.0041% | 1h | 107.87 | +0.051% | $1.1M | $1.8M | 10x | as long as short |
| Popdex AAOIUSDTshort | +0.0048% | 1h | 107.95 | +0.125% | $551 | $110K | 20x | |
| Bybit AAOIUSDT | +0.0049% | 8h | 107.89 | +0.070% | $1.7M | $2.8M | 25x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 107.85 | +0.032% | $453K | $202K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 107.96 | +0.134% | $1K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 107.93 | +0.106% | — | — | 10x | as long as short |
| edgeX AAOIUSDC | +0.0253% | 4h | 107.91 | +0.089% | $13K | $263K | 10x | as long as short |
| tradeXYZ xyz:AAOI | +0.0279% | 1h | 107.84 | +0.023% | $1.9M | $1.5M | 10x | as long as short |
| Paragon para:AAOIlong | +0.0290% | 1h | 107.81 | long leg | $226K | $721K | 10x | |
| OKX AAOI-USDT-SWAP | +0.0430% | 8h | 107.93 | +0.107% | $5.0M | $20.4M | 20x | as long as short |
Lighter AAOI
QFEX AAOI-USD
Bybit AAOIUSDT
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
edgeX AAOIUSDC
tradeXYZ xyz:AAOI
OKX AAOI-USDT-SWAP