Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0470%/8h= −51.5% APRnext payment −$0.59 per $10,000 · paid last 24h —

Price spread now: Lighter against Paragon−0.077%7-day average — · you buy dearer than you sell

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

Long on Paragon Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Lighter is 0.077% cheaper against Paragon than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AAOI	110.06	0.0502	pay 0.0063% / 1h	37m 55s	$233K	$719K	10x
Short	Lighter AAOI	109.98	0.0032	get 0.0004% / 1h	37m 55s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$98.7
Price spread: −0.077% → 0.000%: −$7.69
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$116.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 48 min ago; Lighter: 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, 48 min ago	1.34 bp	6.4 bp −$6	95.7 bp −$957	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
Aster AAOIUSDT	0.0000%	8h	109.91	−0.137%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	109.88	−0.167%	$16K	$210K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	109.90	−0.147%	$14.9M	$42.3M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	109.92	−0.131%	$4.0M	$13.1M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	109.96	−0.095%	$2.7M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	110.28	+0.196%	$151K	$131K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	110.02	−0.041%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	110.02	−0.041%	$24K	$44K	20x	as long as short
BloFin AAOI-USDT	+0.0016%	8h	109.94	−0.113%	$268K	$63K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0027%	8h	110.39	+0.296%	$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 AAOIshort	+0.0032%	1h	109.98	−0.077%	—	—	10x
Popdex AAOIUSDT	+0.0048%	1h	109.99	−0.068%	$1K	$108K	20x	as long as short
QFEX AAOI-USD	+0.0076%	1h	109.99	−0.068%	$1.2M	$2.0M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	109.94	−0.113%	$460K	$186K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	109.96	−0.095%	$2K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	109.96	−0.099%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0118%	8h	109.91	−0.140%	$1.8M	$2.7M	25x	as long as short
OKX AAOI-USDT-SWAP	+0.0301%	8h	109.96	−0.095%	$4.7M	$19.5M	20x	as long as short
tradeXYZ xyz:AAOI	+0.0341%	1h	109.89	−0.159%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIlong	+0.0502%	1h	110.06	long leg	$233K	$719K	10x
edgeX AAOIUSDC	+0.0551%	4h	110.27	+0.187%	$13K	$263K	10x	as long as short