Funding arb · Price arb /

AAOI

RWAall AAOI markets

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: Gate against Paragon+0.134%49s7-day average +0.069% · you sell dearer than you buy

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

Long on Paragon Short on Gate

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)+0.090%+$9 · spread now +0.134%, 7d avg +0.069%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.065% dearer against Paragon than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.069%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 49 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	Paragon para:AAOI	111.60	0.0060	pay 0.0008% / 1h	9m 49s	$238K	$718K	10x
Short	Gate AAOI_USDT	111.75	0	get 0.0000% / 8h	4h 09m	$4.1M	$13.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.134%Rate

Funding earned: −$12.6
Price spread: +0.134% → +0.069%: $6.45
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.15
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 16 min ago; Gate: live order book, 4 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, 16 min ago	1.34 bp	6.4 bp −$6	95.7 bp −$957	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.03 bp	14.1 bp −$14	49.0 bp −$490	83.7 bp −$8,365	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	111.66	+0.054%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.74	+0.121%	$15K	$213K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.74	+0.125%	$15.1M	$42.0M	20x	as long as short
Gate AAOI_USDTshort	0.0000%	8h	111.75	+0.134%	$4.1M	$13.1M	50x
Bitget AAOIUSDT	0.0000%	8h	111.73	+0.116%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.67	+0.066%	$153K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	111.68	+0.071%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	111.64	+0.035%	$24K	$43K	20x	as long as short
BloFin AAOI-USDT	+0.0004%	8h	111.68	+0.071%	$266K	$64K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0004%	8h	111.63	+0.026%	$671	$104K	10x	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	+0.053%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.73	+0.116%	$1K	$109K	20x	as long as short
QFEX AAOI-USD	+0.0053%	1h	111.65	+0.044%	$1.1M	$2.1M	10x	as long as short
Paragon para:AAOIlong	+0.0060%	1h	111.60	long leg	$238K	$718K	10x
KuCoin AAOIUSDTM	+0.0100%	8h	111.72	+0.107%	$467K	$178K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.70	+0.089%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.70	+0.093%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0120%	8h	111.65	+0.044%	$1.8M	$2.6M	25x	as long as short
edgeX AAOIUSDC	+0.0165%	4h	111.60	+0.001%	$13K	$265K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0232%	8h	111.82	+0.197%	$4.8M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0311%	1h	111.68	+0.071%	$2.0M	$1.3M	10x	as long as short