Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.073%

Price spread now: Orderly against Paragon+0.087%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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Orderly is 0.087% dearer against Paragon than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AAOI	107.69	0.0087	pay 0.0011% / 1h	3m 37s	$226K	$721K	10x
Short	Orderly PERP_AAOI_USDC_mythos	107.78	0.0100	get 0.0100% / 8h	3m 37s	$1K	$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 +0.087%Rate

Funding earned: $2.63
Price spread: +0.087% → 0.000%: $8.72
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.65
Costs to cover: 0.160%
Break-even: 19.4 days

Slippage unknown: Paragon: live order book, 52 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, 52 min ago	4.66 bp	27.9 bp −$28	119.9 bp −$1,199	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
Bitget AAOIUSDT	−0.1251%	8h	107.96	+0.254%	$3.2M	$3.9M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.85	+0.154%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	107.81	+0.119%	$17K	$230K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	107.84	+0.143%	$14.8M	$45.4M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	107.86	+0.161%	$1.7M	$2.8M	25x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.86	+0.161%	$3.7M	$13.0M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.72	+0.032%	$115K	$153K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	107.79	+0.096%	$679	$113K	10x	as long as short
SunX AAOI-USDT	0.0000%	8h	107.87	+0.171%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.80	+0.106%	$23K	$47K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AAOI-USDT	+0.0026%	8h	107.87	+0.171%	$279K	$66K	20x	as long as short
Lighter AAOI	+0.0032%	1h	107.82	+0.124%	—	—	10x	as long as short
QFEX AAOI-USD	+0.0034%	1h	107.82	+0.124%	$1.1M	$1.8M	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.91	+0.208%	$976	$108K	20x	as long as short
tradeXYZ xyz:AAOI	+0.0060%	1h	107.80	+0.106%	$1.9M	$1.5M	10x	as long as short
Paragon para:AAOIlong	+0.0087%	1h	107.69	long leg	$226K	$721K	10x
KuCoin AAOIUSDTM	+0.0100%	8h	107.82	+0.124%	$444K	$225K	20x	as long as short
Orderly PERP_AAOI_USDC_mythosshort	+0.0100%	8h	107.78	+0.087%	$1K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	107.78	+0.085%	—	—	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0381%	8h	107.92	+0.217%	$5.0M	$20.5M	20x	as long as short
edgeX AAOIUSDC	+0.0805%	4h	107.73	+0.037%	$12K	$264K	10x	as long as short