Funding arb · Price arb /

AAOI

RWAall AAOI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.086%

Price spread now: Paragon against BloFin−0.025%89s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$830.827% of the position

Long on BloFin Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.025%, 7d avg −0.017%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAOI-USDT	109.10	0.0246	pay 0.0246% / 8h	5h 41m	$272K	$75K	20x
Short	Paragon para:AAOI	109.07	0.0324	get 0.0040% / 1h	41m 42s	$228K	$720K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against BloFin. 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 BloFinbpFee ParagonbpOrdersPrice spread, now −0.025%Rate

Funding earned: $16.19
Price spread: −0.025% → −0.017%: −$0.84
Slippage, 4 orders: −$60.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$67.4
Costs to cover: 0.827%
Break-even: 36.1 days

Slippage from BloFin: live order book, 65 min ago; Paragon: live order book, 60 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 BloFin live order book, 65 min ago	1.39 bp	12.0 bp −$12	24.3 bp −$243	86.6 bp −$8,657	doesn't fit
Sell Paragon live order book, 60 min ago	3.25 bp	32.6 bp −$33	82.8 bp −$828	doesn't fit	doesn't fit

AAOI on 21 exchanges

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	−0.0319%	8h	109.16	+0.055%	$3.3M	$4.3M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.13	+0.030%	$40K	$43K	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	109.13	+0.027%	$1.8M	$3.0M	25x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.14	+0.037%	$3.8M	$12.7M	50x	as long as short
SunX AAOI-USDT	0.0000%	8h	109.08	−0.018%	$1K	$1.1M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	109.18	+0.073%	$24K	$47K	20x	as long as short
QFEX AAOI-USD	+0.0031%	1h	109.07	−0.027%	$1.1M	$1.8M	10x	as long as short
Lighter AAOI	+0.0032%	1h	109.09	−0.009%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.13	+0.027%	$943	$109K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0065%	1h	109.11	+0.009%	$1.9M	$1.7M	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.07	−0.027%	$1K	$14K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.08	−0.018%	$451K	$368K	20x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.10	+0.001%	—	—	10x	as long as short
Variational Omni AAOI	+0.0118%	8h	109.16	+0.057%	$117K	$156K	—	as long as short
OKX AAOI-USDT-SWAP	+0.0206%	8h	109.17	+0.064%	$4.8M	$22.4M	20x	as long as short
BloFin AAOI-USDTlong	+0.0246%	8h	109.10	long leg	$272K	$75K	20x
Binance AAOIUSDT	+0.0247%	8h	109.16	+0.055%	$14.9M	$49.8M	20x	as long as short
Extended AAOI-USD	+0.0248%	1h	109.13	+0.032%	$14K	$238K	10x	as long as short
Paragon para:AAOIshort	+0.0324%	1h	109.07	−0.025%	$228K	$720K	10x
edgeX AAOIUSDC	+0.0596%	4h	108.98	−0.108%	$12K	$265K	10x	as long as short
GRVT AAOI_USDT_Perp	+0.0775%	8h	109.13	+0.023%	$806	$110K	10x	as long as short