Funding you earn now, next payment 07:00 UTC+0.0262%/8h= +28.7% APRnext payment +$0.33 per $10,000 · paid last 24h +0.091%
Price spread now: Paragon against Popdex−0.150%49s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1051.046% of the position
Funding, last 4 days (all we have)+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.150%, 7d avg −0.034%
=Funding pays, the price is against you. Paragon is 0.116% cheaper against Popdex than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.034%). If the spread goes back, that is −$12 on $10k: about 35 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.060% in total) that is about 7.2 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.060% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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 | Popdex AAOIUSDT | 108.16 | 0.0048 | pay 0.0006% / 1h | 52m 46s | $207 | $109K | 20x |
| Short | Paragon para:AAOI | 108.00 | 0.0310 | get 0.0039% / 1h | 52m 46s | $226K | $721K | 10x |
Popdex AAOIUSDT
Paragon para:AAOIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Popdex. 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
- $55.08
- Price spread: −0.150% → −0.034%
- −$11.63
- Slippage, 4 orders
- −$88.2
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$61.15
- Costs to cover
- 1.046%
- Break-even
- 14.8 days
Slippage from Popdex: live order book, 56 min ago; Paragon: live order book, 13 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 Popdex live order book, 56 min ago | 2.75 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 13 min ago | 2.30 bp | 23.4 bp −$23 | 116.8 bp −$1,168 | 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 | −0.1327% | 8h | 108.18 | +0.018% | $3.0M | $3.7M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 108.29 | +0.117% | $40K | $37K | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 108.08 | −0.074% | $3.8M | $13.0M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 108.14 | −0.017% | $148K | $127K | — | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 108.08 | −0.074% | $960 | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 108.08 | −0.074% | $24K | $46K | 20x | as long as short |
| Extended AAOI-USD | +0.0008% | 1h | 108.09 | −0.064% | $14K | $229K | 10x | as long as short |
| Binance AAOIUSDT | +0.0010% | 8h | 108.12 | −0.037% | $14.7M | $44.6M | 20x | as long as short |
| GRVT AAOI_USDT_Perp | +0.0025% | 8h | 108.28 | +0.112% | $949 | $115K | 10x | as long as short |
| BloFin AAOI-USDT | +0.0030% | 8h | 108.09 | −0.065% | $276K | $64K | 20x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
SunX AAOI-USDT
HTX AAOI-USDT
Extended AAOI-USD
Binance AAOIUSDT
GRVT AAOI_USDT_Perp
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 | 107.97 | −0.176% | — | — | 10x | as long as short |
| QFEX AAOI-USD | +0.0041% | 1h | 108.10 | −0.055% | $1.1M | $1.9M | 10x | as long as short |
| Bybit AAOIUSDT | +0.0047% | 8h | 108.11 | −0.046% | $1.7M | $2.8M | 25x | as long as short |
| Popdex AAOIUSDTlong | +0.0048% | 1h | 108.16 | long leg | $207 | $109K | 20x | |
| edgeX AAOIUSDC | +0.0070% | 4h | 108.19 | +0.024% | $13K | $264K | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 108.06 | −0.092% | $453K | $200K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 108.00 | −0.148% | $1K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 108.01 | −0.139% | — | — | 10x | as long as short |
| Paragon para:AAOIshort | +0.0310% | 1h | 108.00 | −0.150% | $226K | $721K | 10x | |
| tradeXYZ xyz:AAOI | +0.0410% | 1h | 108.08 | −0.074% | $2.0M | $1.4M | 10x | as long as short |
| OKX AAOI-USDT-SWAP | +0.0425% | 8h | 108.14 | −0.018% | $4.9M | $20.3M | 20x | as long as short |
Lighter AAOI
QFEX AAOI-USD
Bybit AAOIUSDT
edgeX AAOIUSDC
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
tradeXYZ xyz:AAOI
OKX AAOI-USDT-SWAP