Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h −0.111%

Price spread now: SunX against Paragon−0.090%7-day average −0.029% · you buy dearer than you sell

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

Long on Paragon Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.090%, 7d avg −0.029%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SunX is 0.061% cheaper against Paragon than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AAOI	111.60	0.0526	pay 0.0066% / 1h	59m 14s	$270K	$686K	10x
Short	SunX AAOI-USDT	111.50	0	get 0.0000% / 8h	6h 59m	$1K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$110.4
Price spread: −0.090% → −0.029%: −$6.09
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$134.49
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 56 min ago; SunX: live order book, 5 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 Paragon live order book, 56 min ago	5.35 bp	12.4 bp −$12	93.3 bp −$933	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.67 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	−0.0019%	8h	111.50	−0.090%	$247K	$61K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	111.48	−0.112%	$41K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	111.47	−0.112%	$15K	$203K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	111.47	−0.116%	$15.2M	$42.8M	20x	as long as short
Bybit AAOIUSDT	0.0000%	8h	111.54	−0.054%	$1.8M	$2.6M	25x	as long as short
OKX AAOI-USDT-SWAP	0.0000%	8h	111.51	−0.081%	$4.4M	$19.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	111.54	−0.054%	$4.1M	$14.3M	50x	as long as short
Bitget AAOIUSDT	0.0000%	8h	111.53	−0.063%	$2.8M	$3.0M	20x	as long as short
Variational Omni AAOI	0.0000%	8h	111.59	−0.009%	$153K	$164K	—	as long as short
GRVT AAOI_USDT_Perp	0.0000%	8h	111.64	+0.032%	$318	$99K	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-USDTshort	0.0000%	8h	111.50	−0.090%	$1K	$1.2M	10x
HTX AAOI-USDT	0.0000%	8h	111.48	−0.108%	$24K	$39K	20x	as long as short
QFEX AAOI-USD	+0.0015%	1h	111.47	−0.116%	$1.1M	$2.5M	10x	as long as short
Lighter AAOI	+0.0032%	1h	111.46	−0.125%	—	—	10x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	111.50	−0.090%	$440	$108K	20x	as long as short
edgeX AAOIUSDC	+0.0090%	4h	111.58	−0.015%	$13K	$264K	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	111.52	−0.072%	$466K	$164K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	111.48	−0.108%	$2K	$14K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	111.48	−0.112%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0220%	1h	111.49	−0.099%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIlong	+0.0526%	1h	111.60	long leg	$270K	$686K	10x