Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h +0.108%

Price spread now: Paragon against OKX−0.136%7-day average −0.036% · you buy dearer than you sell

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

Long on OKX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.136%, 7d avg −0.036%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.101% cheaper against OKX than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of −0.036%). If the spread goes back, that is −$10 on $10k: about 46 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAOI-USDT-SWAP	109.96	0.0301	pay 0.0301% / 8h	3h 37m	$4.7M	$19.5M	20x
Short	Paragon para:AAOI	109.81	0.0475	get 0.0059% / 1h	37m 49s	$232K	$719K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against OKX. 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 OKXbpFee ParagonbpOrdersPrice spread, now −0.136%Rate

Funding earned: $36.45
Price spread: −0.136% → −0.036%: −$10.08
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: $6.37
Costs to cover: 0.200%
Break-even: 5.8 days

Slippage unknown: OKX: live order book, 1 min ago; Paragon: live order book, 48 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 OKX live order book, 1 min ago	0.91 bp	8.7 bp −$9	41.5 bp −$415	doesn't fit	doesn't fit
Sell Paragon live order book, 48 min ago	1.34 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
Aster AAOIUSDT	0.0000%	8h	109.85	−0.098%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.88	−0.072%	$16K	$210K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.92	−0.039%	$14.9M	$42.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.92	−0.036%	$4.0M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	109.93	−0.027%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.28	+0.292%	$151K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	110.02	+0.055%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.02	+0.055%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0016%	8h	109.94	−0.018%	$268K	$63K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0027%	8h	110.39	+0.392%	$761	$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	109.89	−0.064%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	109.99	+0.027%	$1K	$108K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	109.99	+0.027%	$1.2M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.89	−0.064%	$459K	$186K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.96	0.000%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.96	−0.004%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0117%	8h	109.93	−0.027%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAPlong	+0.0301%	8h	109.96	long leg	$4.7M	$19.5M	20x
tradeXYZ xyz:AAOI	+0.0339%	1h	109.89	−0.064%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIshort	+0.0475%	1h	109.81	−0.136%	$232K	$719K	10x
edgeX AAOIUSDC	+0.0551%	4h	110.27	+0.282%	$13K	$263K	10x	as long as short