Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.104%

Price spread now: BloFin against Paragon−0.144%7-day average +0.007% · you buy dearer than you sell

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

Long on Paragon Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.144%, 7d avg +0.007%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.151% cheaper against Paragon than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment. 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	111.44	0.0294	pay 0.0037% / 1h	22m 50s	$239K	$712K	10x
Short	BloFin AAOI-USDT	111.28	−0.0006	pay 0.0006% / 8h	5h 22m	$212K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Paragon. 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 ParagonbpFee BloFinbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$62.93
Price spread: −0.144% → +0.007%: −$15.09
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.01
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 13 min ago; BloFin: live order book, 16 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 Paragon live order book, 13 min ago	3.14 bp	36.4 bp −$36	130.5 bp −$1,305	doesn't fit	doesn't fit
Sell BloFin live order book, 16 min ago	2.25 bp	13.6 bp −$14	26.8 bp −$268	73.0 bp −$7,304	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
BloFin AAOI-USDTshort	−0.0006%	8h	111.28	−0.144%	$212K	$62K	20x
Aster AAOIUSDT	0.0000%	8h	111.30	−0.129%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.32	−0.111%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.36	−0.069%	$15.1M	$41.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.44	0.000%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.51	+0.063%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.39	−0.045%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.39	−0.045%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	−0.177%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.28	−0.139%	$664	$102K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAOI-USDT	0.0000%	8h	111.38	−0.054%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.24	−0.179%	$24K	$42K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.34	−0.090%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.36	−0.072%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.34	−0.090%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.33	−0.099%	$466K	$171K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.28	−0.144%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.28	−0.144%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0231%	1h	111.40	−0.036%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIlong	+0.0294%	1h	111.44	long leg	$239K	$712K	10x
edgeX AAOIUSDC	+0.0933%	4h	111.17	−0.245%	$13K	$263K	10x	as long as short