Funding you earn now, next payment 01:00 UTC+0.0213%/8h= +23.3% APRnext payment +$0.27 per $10,000 · paid last 24h −0.067%
Price spread now: tradeXYZ against Paragon−0.149%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$860.858% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.149%, 7d avg −0.022%
=Together, before fees+0.187%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.127% cheaper against Paragon than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.022%). If the spread goes back, that is −$13 on $10k: about 48 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.060% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | 111.75 | 0.0060 | pay 0.0008% / 1h | 59m 56s | $270K | $686K | 10x |
| Short | tradeXYZ xyz:AAOI | 111.58 | 0.0273 | get 0.0034% / 1h | 59m 56s | $2.0M | $1.4M | 10x |
Paragon para:AAOI
tradeXYZ xyz:AAOIFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $44.64
- Price spread: −0.149% → −0.022%
- −$12.67
- Slippage, 4 orders
- −$57.82
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$53.85
- Costs to cover
- 0.858%
- Break-even
- 15.4 days
Slippage from Paragon: live order book, 56 min ago; tradeXYZ: live order book, 8 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, 56 min ago | 5.35 bp | 12.4 bp −$12 | 93.3 bp −$933 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 2.23 bp | 16.1 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX AAOI-USD | −0.0006% | 1h | 111.55 | −0.176% | $1.1M | $2.5M | 10x | as long as short |
| BloFin AAOI-USDT | 0.0000% | 8h | 111.65 | −0.086% | $247K | $62K | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 111.55 | −0.172% | $41K | $37K | 20x | as long as short |
| Extended AAOI-USD | 0.0000% | 1h | 111.52 | −0.200% | $15K | $203K | 10x | as long as short |
| Binance AAOIUSDT | 0.0000% | 8h | 111.55 | −0.176% | $15.2M | $42.8M | 20x | as long as short |
| Bybit AAOIUSDT | 0.0000% | 8h | 111.63 | −0.104% | $1.8M | $2.6M | 25x | as long as short |
| OKX AAOI-USDT-SWAP | 0.0000% | 8h | 111.63 | −0.104% | $4.4M | $19.2M | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 111.68 | −0.059% | $4.1M | $25.1M | 50x | as long as short |
| Bitget AAOIUSDT | 0.0000% | 8h | 111.61 | −0.122% | $2.8M | $3.0M | 20x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 111.59 | −0.139% | $153K | $164K | — | as long as short |
QFEX AAOI-USD
BloFin AAOI-USDT
Aster AAOIUSDT
Extended AAOI-USD
Binance AAOIUSDT
Bybit AAOIUSDT
OKX AAOI-USDT-SWAP
Gate AAOI_USDT
Bitget AAOIUSDT
Variational Omni AAOIShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAOI_USDT_Perp | 0.0000% | 8h | 111.80 | +0.049% | $324 | $100K | 10x | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 111.56 | −0.167% | $1K | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 111.48 | −0.238% | $24K | $39K | 20x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 111.54 | −0.185% | — | — | 10x | as long as short |
| Popdex AAOIUSDT | +0.0048% | 1h | 111.61 | −0.122% | $441 | $108K | 20x | as long as short |
| Paragon para:AAOIlong | +0.0060% | 1h | 111.75 | long leg | $270K | $686K | 10x | |
| edgeX AAOIUSDC | +0.0090% | 4h | 111.58 | −0.146% | $13K | $264K | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 111.59 | −0.140% | $468K | $164K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 111.56 | −0.167% | $2K | $14K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 111.55 | −0.174% | — | — | 10x | as long as short |
| tradeXYZ xyz:AAOIshort | +0.0273% | 1h | 111.58 | −0.149% | $2.0M | $1.4M | 10x |
GRVT AAOI_USDT_Perp
SunX AAOI-USDT
HTX AAOI-USDT
Lighter AAOI
Popdex AAOIUSDT
edgeX AAOIUSDC
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP