Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.112%

Price spread now: SunX against Paragon+0.072%7-day average −0.030% · you sell dearer than you buy

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

Long on Paragon Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.382%−$38 on $10k

Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.072%, 7d avg −0.030%

Together, before fees−0.578%−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.101% dearer against Paragon than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.030%): +$10 on $10k if it goes back. Holding the pair costs −$5 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	111.76	0.0175	pay 0.0022% / 1h	1m 29s	$239K	$716K	10x
Short	SunX AAOI-USDT	111.84	0	get 0.0000% / 8h	5h 01m	$1K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$36.82
Price spread: +0.072% → −0.030%: $10.14
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$44.68
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 34 min ago; SunX: live order book, 2 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, 34 min ago	3.14 bp	36.4 bp −$36	130.5 bp −$1,305	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	500.58 bp	doesn't fit	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
Aster AAOIUSDT	0.0000%	8h	111.71	−0.044%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.84	+0.069%	$15K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.87	+0.101%	$15.2M	$41.9M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.86	+0.090%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.88	+0.108%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	−0.082%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.73	−0.027%	$547	$102K	10x	as long as short
SunX AAOI-USDTshort	0.0000%	8h	111.84	+0.072%	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	111.69	−0.062%	$24K	$41K	20x	as long as short
OKX AAOI-USDT-SWAP	+0.0011%	8h	111.99	+0.206%	$4.6M	$19.3M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AAOI-USD	+0.0017%	1h	111.81	+0.045%	$1.1M	$2.3M	10x	as long as short
BloFin AAOI-USDT	+0.0021%	8h	111.73	−0.027%	$215K	$63K	20x	as long as short
Lighter AAOI	+0.0032%	1h	111.76	0.000%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.89	+0.116%	$1K	$109K	20x	as long as short
edgeX AAOIUSDC	+0.0050%	4h	111.74	−0.015%	$13K	$264K	10x	as long as short
Bybit AAOIUSDT	+0.0056%	8h	111.90	+0.125%	$1.8M	$2.6M	25x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.73	−0.027%	$467K	$173K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.76	0.000%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.76	+0.004%	—	—	10x	as long as short
Paragon para:AAOIlong	+0.0175%	1h	111.76	long leg	$239K	$716K	10x
tradeXYZ xyz:AAOI	+0.0253%	1h	111.81	+0.045%	$2.0M	$1.4M	10x	as long as short