Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG66.990−0.2304get 0.0288% / 1h49m 02s$171K$129K20xLong Popdex
SHORT66.820+0.0050get 0.0050% / 8h49m 02s$921K$1.7M—Short BingX
Price gap−0.254%48s
Funding gap+0.2354% /8h

Funding pays +$71 a day on $10k, but the gap is 0.215% under its 7d average: −$21 if it goes back, about 7 hours of funding. At the last 7 days' pace that is about 41 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$87+0.2354% /8h now · paid +0.873% over the last 7D
Price—spread −0.254%48s now · prices read too far apart to compare
Costs−$480.477% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.873% in total, about +0.0416%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.254%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

AAOI on 25 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size15.8 / 7.4 bp
    At $10k entering Popdex costs 15.8 bp, fee and slippage, 2.1× BingX’s.
  • Note: Margin at max leverage$500 + —
    Popdex 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$70.62Long Popdex: 24 payments, +$69.12; short BingX: 3 payments, +$1.50.
  • Watch: Prices read 48 s apart−0.254% vs −0.039%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$171K vs $921K OI
    Popdex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPopdex No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0416%/8h × 21 periods+$87.34
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$31.35
Fee Popdex bp × 2 orders−$6.40
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$39.59
price spread not counted: prices read too far apart
Costs to cover0.477%Break-even3.8 days
Slippage: Popdex: live order book, 54 min ago; BingX: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex1.4915.8 bp−$1651.1 bp−$511doesn’t fitdoesn’t fit
SELL · SHORTBingX0.757.4 bp−$714.1 bp−$14173.0 bp−$7,299651.4 bp−$325.7K

Closing costs about the same again.

Alert

AAOI news

posts that mention AAOI or Applied Optoelectronics, from every exchangeSearch all news →
10-13 18:53ParagonOtherJul 31 to Aug 14, $BTC was basically flat, while $AAOI ran +63%, $CRDO +26% and $COHR +25%. @tradeparagon on X ↗
10-12 12:27TxFlowListingnew market AAOI-USDC ($AAOI) seen by our collector
09-18 12:57ParagonListingCiena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗