Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.105%

Price spread now: Paragon against Gate−0.143%7-day average −0.069% · you buy dearer than you sell

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

Long on Gate Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.143%, 7d avg −0.069%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.074% cheaper against Gate than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.069%). If the spread goes back, that is −$7 on $10k: about 4.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAOI_USDT	111.73	0	get 0.0000% / 8h	4h 08m	$4.1M	$13.1M	50x
Short	Paragon para:AAOI	111.57	0.0060	get 0.0008% / 1h	8m 31s	$238K	$718K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Gate. 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 GatebpFee ParagonbpOrdersPrice spread, now −0.143%Rate

Funding earned: $12.6
Price spread: −0.143% → −0.069%: −$7.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$19.79
Costs to cover: 0.250%
Break-even: 18.0 days

Slippage unknown: Gate: live order book, 5 min ago; Paragon: live order book, 17 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 Gate live order book, 5 min ago	4.03 bp	12.0 bp −$12	45.2 bp −$452	79.1 bp −$7,912	doesn't fit
Sell Paragon live order book, 17 min ago	1.34 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	111.62	−0.102%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.67	−0.055%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.65	−0.072%	$15.1M	$42.0M	20x	as long as short
Gate AAOI_USDTlong	0.0000%	8h	111.73	long leg	$4.1M	$13.1M	50x
Bitget AAOIUSDT	0.0000%	8h	111.69	−0.036%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	−0.050%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.75	+0.018%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.51	−0.197%	$24K	$43K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0008%	8h	111.70	−0.030%	$671	$104K	10x	as long as short
BloFin AAOI-USDT	+0.0024%	8h	111.75	+0.018%	$266K	$64K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	111.66	−0.063%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.66	−0.063%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0053%	1h	111.65	−0.072%	$1.1M	$2.1M	10x	as long as short
Paragon para:AAOIshort	+0.0060%	1h	111.57	−0.143%	$238K	$718K	10x
KuCoin AAOIUSDTM	+0.0100%	8h	111.73	0.000%	$468K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.70	−0.027%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.70	−0.031%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0122%	8h	111.68	−0.045%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0235%	8h	111.72	−0.009%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0310%	1h	111.63	−0.090%	$2.0M	$1.3M	10x	as long as short
edgeX AAOIUSDC	+0.0470%	4h	111.69	−0.038%	$13K	$263K	10x	as long as short