Funding you earn now, next payment 06:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.108%
Price spread now: Paragon against Bybit−0.196%53s7-day average −0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.196%, 7d avg −0.033%
=Funding pays, the price is against you. Paragon is 0.163% cheaper against Bybit than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of −0.033%). If the spread goes back, that is −$16 on $10k: about 46 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.068% in total) that is about 17 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.6% 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 | Bybit AAOIUSDT | 108.89 | 0.0047 | pay 0.0047% / 8h | 2h 09m | $1.7M | $2.8M | 25x |
| Short | Paragon para:AAOI | 108.68 | 0.0329 | get 0.0041% / 1h | 9m 59s | $228K | $721K | 10x |
Bybit AAOIUSDT
Paragon para:AAOIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $59.36
- Price spread: −0.196% → −0.033%
- −$16.33
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $22.03
- Costs to cover
- 0.210%
- Break-even
- 4.4 days
Slippage unknown: Bybit: live order book, 2 min ago; Paragon: live order book, 66 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 Bybit live order book, 2 min ago | 2.30 bp | 12.3 bp −$12 | 83.7 bp −$837 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 66 min ago | 2.28 bp | 21.9 bp −$22 | 112.4 bp −$1,124 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAOIUSDT | −0.1463% | 8h | 108.96 | +0.064% | $3.0M | $3.6M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 108.83 | −0.053% | $40K | $37K | 20x | as long as short |
| Gate AAOI_USDT | 0.0000% | 8h | 108.90 | +0.009% | $3.8M | $13.3M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 108.80 | −0.082% | $149K | $127K | — | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 108.90 | +0.009% | $1K | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 108.83 | −0.055% | $24K | $46K | 20x | as long as short |
| Binance AAOIUSDT | +0.0013% | 8h | 108.87 | −0.015% | $14.8M | $44.4M | 20x | as long as short |
| Extended AAOI-USD | +0.0016% | 1h | 108.85 | −0.034% | $14K | $234K | 10x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 108.90 | +0.009% | — | — | 10x | as long as short |
| GRVT AAOI_USDT_Perp | +0.0033% | 8h | 108.22 | −0.615% | $397 | $116K | 10x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
SunX AAOI-USDT
HTX AAOI-USDT
Binance AAOIUSDT
Extended AAOI-USD
Lighter AAOI
GRVT AAOI_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin AAOI-USDT | +0.0036% | 8h | 108.80 | −0.083% | $276K | $64K | 20x | as long as short |
| Bybit AAOIUSDTlong | +0.0047% | 8h | 108.89 | long leg | $1.7M | $2.8M | 25x | |
| Popdex AAOIUSDT | +0.0048% | 1h | 108.76 | −0.119% | $183 | $110K | 20x | as long as short |
| QFEX AAOI-USD | +0.0054% | 1h | 108.73 | −0.147% | $1.1M | $1.9M | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 108.82 | −0.064% | $456K | $199K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 108.85 | −0.037% | $2K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 108.91 | +0.015% | — | — | 10x | as long as short |
| tradeXYZ xyz:AAOI | +0.0268% | 1h | 108.84 | −0.046% | $2.0M | $1.4M | 10x | as long as short |
| Paragon para:AAOIshort | +0.0329% | 1h | 108.68 | −0.196% | $228K | $721K | 10x | |
| OKX AAOI-USDT-SWAP | +0.0421% | 8h | 108.99 | +0.092% | $5.0M | $20.4M | 20x | as long as short |
| edgeX AAOIUSDC | +0.0838% | 4h | 108.49 | −0.369% | $13K | $263K | 10x | as long as short |
BloFin AAOI-USDT
Popdex AAOIUSDT
QFEX AAOI-USD
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
tradeXYZ xyz:AAOI
OKX AAOI-USDT-SWAP
edgeX AAOIUSDC