Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1469%/8h= −160.9% APRpaid last 24h +0.047%

Price spread now: Paragon against Binance+0.258%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.574%+$57 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Paragon is 0.258% dearer against Binance than usual: you sell high and buy low (spread +0.258% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.574%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.574% in total (about 29.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RDDTUSDT	157.86	0	get 0.0000% / 8h	12m 21s	$549K	$1.7M	20x
Short	Paragon para:RDDT	158.27	−0.1469	pay 0.0184% / 1h	12m 21s	$53K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Binance. 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 BinancebpFee ParagonbpOrdersPrice spread, now +0.258%Rate

Funding earned: −$308.53
Price spread: +0.258% → 0.000%: $25.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$302.72
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 min ago; Paragon: 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 Binance live order book, 6 min ago	2.21 bp	19.5 bp −$19	118.9 bp −$1,189	doesn't fit	doesn't fit
Sell Paragon no order-book sample	—	—	—	—	—

Paragon: 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.

RDDT on 13 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
Paragon para:RDDTshort	−0.1469%	1h	158.27	+0.258%	$53K	$90K	10x
tradeXYZ xyz:RDDT	−0.0674%	1h	157.77	−0.059%	$262K	$170K	10x	as long as short
Binance RDDTUSDTlong	0.0000%	8h	157.86	long leg	$549K	$1.7M	20x
Bybit RDDTUSDT	0.0000%	8h	157.85	−0.008%	$149K	$93K	25x	as long as short
OKX RDDT-USDT-SWAP	0.0000%	8h	158.07	+0.131%	$299K	$183K	20x	as long as short
QFEX RDDT-USD	0.0000%	1h	158.01	+0.093%	$1.1M	$1.0M	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	157.88	+0.011%	$8K	$14K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	157.91	+0.030%	$329K	$606K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	158.01	+0.094%	$14K	$38K	—	as long as short
HTX RDDT-USDT	0.0000%	8h	158.01	+0.093%	$7K	$352K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RDDT-USDT	+0.0025%	8h	158.02	+0.100%	$60K	$10K	20x	as long as short
edgeX RDDTUSDC	+0.0038%	4h	157.99	+0.084%	$35K	$225K	10x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	157.93	+0.043%	$41K	$111K	10x	as long as short