Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.112%

Price spread now: Paragon against SunX−0.045%7-day average +0.030% · you buy dearer than you sell

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

Long on SunX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.382%+$38 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.045%, 7d avg +0.030%

Together, before fees+0.551%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.075% cheaper against SunX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.030%). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAOI-USDT	111.30	0	get 0.0000% / 8h	5h 24m	$1K	$1.2M	10x
Short	Paragon para:AAOI	111.25	0.0270	get 0.0034% / 1h	24m 29s	$238K	$712K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against SunX. 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 SunXbpFee ParagonbpOrdersPrice spread, now −0.045%Rate

Funding earned: $56.67
Price spread: −0.045% → +0.030%: −$7.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: $31.22
Costs to cover: 0.180%
Break-even: 3.1 days

Slippage unknown: SunX: live order book, 9 min ago; Paragon: live order book, 11 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 SunX live order book, 9 min ago	500.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 11 min ago	3.14 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
BloFin AAOI-USDT	−0.0028%	8h	111.19	−0.099%	$212K	$62K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.22	−0.073%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.19	−0.101%	$14K	$211K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.24	−0.052%	$15.1M	$41.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.27	−0.027%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.42	+0.108%	$4.6M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.25	−0.045%	$4.0M	$13.4M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.24	−0.054%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.24	−0.052%	$153K	$131K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.28	−0.014%	$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-USDTlong	0.0000%	8h	111.30	long leg	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	111.17	−0.117%	$24K	$41K	20x	as long as short
QFEX AAOI-USD	+0.0017%	1h	111.18	−0.108%	$1.1M	$2.3M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.21	−0.081%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.26	−0.036%	$1K	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.28	−0.018%	$466K	$170K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.25	−0.045%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.24	−0.053%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0232%	1h	111.27	−0.027%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIshort	+0.0270%	1h	111.25	−0.045%	$238K	$712K	10x
edgeX AAOIUSDC	+0.0515%	4h	111.27	−0.023%	$13K	$262K	10x	as long as short