Funding arb · Price arb / RWA

RDDT

RWAAll RDDT markets →

LONGBinance▾Gate 0.0000%Bitget 0.0000%HTX 0.0000%QFEX +0.0006%Ondo Perps +0.0050%Paragon +0.0060%OKX +0.0485%tradeXYZ +0.0490%Bybit +0.0601%TxFlow +0.0618%KuCoin +0.0628%Variational Omni +0.0629%BingX +0.0671%BloFin +0.0726%Binance +0.0727%edgeX +0.0890%

⇄⇅

SHORTMEXC▾edgeX +0.0890%BloFin +0.0726%BingX +0.0671%Variational Omni +0.0629%KuCoin +0.0628%TxFlow +0.0618%Bybit +0.0601%tradeXYZ +0.0490%OKX +0.0485%Paragon +0.0060%Ondo Perps +0.0050%QFEX +0.0006%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%HTX 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceRDDTUSDT	92.040	+0.0727	pay 0.0727% / 8h	2h 23m	$1.2M	$9.3M	20x	Long Binance
SHORT	MEXCRDDTSTOCK_USDT	91.980	0	0.0000% / 8h	2h 23m	$1.2M	$366K	50x	Short MEXC

Price gap−0.065%

Funding gap−0.0727% /8h

Both sides work against this direction now: funding costs $22 a day on $10k and the gap is 0.073% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.033% in total, about +0.0016%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.065%

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

24H3D7D14D30D90D

BinanceMEXC

RDDT on 17 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• !
  Watch: Thin at this size20.8 / 16.0 bp

  At $10k entering Binance costs 20.8 bp, fee and slippage, 1.3× MEXC’s.
• i
  Note: Margin at max leverage$500 + $200

  Binance 20x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval8h / 8h

  Both legs pay at the same time.

  Long Binance · 8h−$21.80

  Short MEXC · 8h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$21.80Long Binance: 3 payments, −$21.80; short MEXC: 3 payments, $0.00.
• !
  Watch: Gap narrower than usual−0.065% vs +0.008%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• i
  Note: Long leg is thinner$1.2M vs $1.2M OI

  Both legs are deep; Binance is the smaller one.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBinance Yes · MEXC Yes

  Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0016%/8h × 21 periods+$3.28

Price spread−0.065% → +0.008% (7d avg)−$7.28

Slippage, 4 orderslive order books−$43.99

Fee Binance bp × 2 orders−$8.00

Fee MEXC bp × 2 orders−$8.00

Net · 7 days · $10k−$63.99

Costs to cover0.600%Break-even143.7 days

Slippage: Binance: live order book, 10 min ago; MEXC: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBinance3.2620.8 bp−$2166.8 bp−$668doesn’t fitdoesn’t fit

SELL · SHORTMEXC11.9616.0 bp−$1622.5 bp−$225156.1 bp−$15.6Kdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

RDDT news

posts that mention RDDT or Reddit, from every exchangeSearch all news →

10-30 16:24	Kalshi	Other	JUST IN: Reddit is down nearly -30% today @Kalshi on X ↗
10-30 14:33	Paragon	Other	Amazon and Intel results added to worries around the AI trade and put pressure on optics and AI infrastructure names, while $RDDT fell on its Q4 guidance and crypto slid after hackers took an estimated $6.3 billion from Binance, reported as the largest crypto theft on record. The top losers on Paragon over the past 24 hours. @tradeparagon on X ↗
10-30 08:00	Kalshi	Other	BREAKING: Reddit to require logins for browsing "most of the site" @Kalshi on X ↗
10-29 22:54	Kalshi	Other	JUST IN: Reddit to start requiring users to log-in to access the platform @Kalshi on X ↗
10-29 21:01	Paragon	Other	$RDDT reported Q3 revenue of $895M, up 53% year over year, and net income of $283M, with daily active uniques up 12% to 130.3M. Shares fell more than 11% after the report as Q4 guidance of $1.0 billion to $1.03 billion came in below estimates. Trade $RDDT 24/7 on Hyperliquid: @tradeparagon on X ↗
10-29 02:56	Ondo Perps	Listing	New equity perps now live: ▸ $RDDT - Reddit ▸ $ASML - ASML Holding ▸ $NKE - Nike Inc ▸ $WEN - Wendy’s Trade now → @OndoPerps on X ↗