PAPER

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GatePAPER_USDT	0.02671	+0.0100	pay 0.0050% / 4h	2h 38m	$45K	$43K	10x	Long Gate
SHORT	Paragonpara:PAPER	0.02656	−0.0031	pay 0.0004% / 1h	38m 18s	$5.3M	$1.8M	3x	Short Paragon

Price gap−0.558%

Funding gap−0.0131% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.558% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding—−0.0131% /8h now · no funding history yet

Price—spread −0.558% now · no price history on both exchanges yet

Costsno datano order book for Gate

Result, before costs—no pointsneeds funding history

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.558%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PAPER on 6 exchanges

lowest funding first

Before you open

0 ok · 3 to watch

Note: Order book unknown—
No order-book sample for Gate: its slippage is not counted.
Note: Margin at max leverage$1,000 + $3,333
Gate 10x, Paragon 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$3.93Long Gate: 6 payments, −$3.00; short Paragon: 24 payments, −$0.93.
Note: No 7-day spread history−0.558%
The gap cannot be compared with its average yet.
Watch: Long leg is thinner$45K vs $5.3M OI
Gate sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCGate Yes · Paragon No
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earnedno history yet: current rate−$27.52

Price spread−0.558% → 0−$55.78

Slippage, 4 ordersno data for Gate—

Fee Gate bp × 2 orders−$15.00

Fee Paragon bp × 2 orders−$18.00

Net, fees only · 7 days · $10k−$116.30

Costs to cover0.330%Break-evennever at this rate

Slippage: Gate: no order-book sample; Paragon: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate—————

SELL · SHORTParagon10.54162.0 bp−$162doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Gate: no data.

PAPER news

posts that mention PAPER, from every exchangeSearch all news →

10-19 16:33	Aster	Other	Trade $PAPER on Aster: @Aster_DEX on X ↗
10-19 16:33	Aster	Listing	Paper hands, you can now long your losses. $PAPER (@papertrade_xyz) pre-launch perps has landed on Aster with up to 3x leverage. @Aster_DEX on X ↗
10-19 15:55	Aster	Listing	new market PAPERUSDT ($PAPER) seen by our collector
10-19 09:02	edgeX	Listing	New Crypto Perp Listings on edgeX $DNA AI agent economy infrastructure. $PAPER On-chain synthetic perpetual trading protocol. Trade to Earn Mystery Box @edgeX_exchange on X ↗
10-19 07:35	BingX	Listing	new market PAPER-USDT ($PAPER) seen by our collector
10-19 07:12	edgeX	Listing	new market PAPERUSDC ($PAPER) seen by our collector