Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0375%/8h= −41.0% APRpaid last 24h −0.079%

Price spread now: Orderly against Paragon+0.146%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.146% dearer against Paragon than usual: you sell high and buy low (spread +0.146% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AAOI	109.81	0.0475	pay 0.0059% / 1h	37m 09s	$232K	$719K	10x
Short	Orderly PERP_AAOI_USDC_mythos	109.97	0.0100	get 0.0100% / 8h	3h 37m	$2K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.146%Rate

Funding earned: −$78.71
Price spread: +0.146% → 0.000%: $14.57
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$80.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 49 min ago; Orderly: no order-book sample. 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, 49 min ago	1.34 bp	6.4 bp −$6	95.7 bp −$957	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDT	−0.0010%	8h	110.05	+0.219%	$271K	$63K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	109.91	+0.088%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.98	+0.156%	$16K	$210K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	110.05	+0.214%	$14.9M	$42.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	110.01	+0.182%	$4.0M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	110.15	+0.310%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.28	+0.429%	$151K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	109.89	+0.073%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.03	+0.200%	$24K	$44K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0024%	8h	110.06	+0.228%	$747	$105K	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	110.06	+0.228%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	110.03	+0.200%	$1K	$108K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	109.92	+0.100%	$1.2M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	110.03	+0.200%	$460K	$186K	20x	as long as short
Orderly PERP_AAOI_USDC_mythosshort	+0.0100%	8h	109.97	+0.146%	$2K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	109.98	+0.153%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0117%	8h	110.08	+0.246%	$1.8M	$2.7M	25x	as long as short
edgeX AAOIUSDC	+0.0302%	4h	110.01	+0.178%	$13K	$264K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0305%	8h	110.20	+0.355%	$4.8M	$19.6M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0341%	1h	109.98	+0.155%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIlong	+0.0475%	1h	109.81	long leg	$232K	$719K	10x