Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1676%/8h= −183.5% APRpaid last 24h +0.064%

Price spread now: Paragon against Bybit+0.056%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.529%+$53 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 0.056% dearer against Bybit than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.529%, 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 0.529% in total (about 27.6% 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	Bybit RDDTUSDT	158.12	0	get 0.0000% / 8h	50m 33s	$149K	$94K	25x
Short	Paragon para:RDDT	158.21	−0.1676	pay 0.0209% / 1h	50m 33s	$53K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Bybit. 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 BybitbpFee ParagonbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$351.95
Price spread: +0.056% → 0.000%: $5.62
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$367.33
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 34 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 Bybit live order book, 34 min ago	11.41 bp	44.6 bp −$45	536.4 bp −$5,364	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	−0.1676%	1h	158.21	+0.056%	$53K	$89K	10x
tradeXYZ xyz:RDDT	−0.0440%	1h	157.85	−0.171%	$260K	$163K	10x	as long as short
BloFin RDDT-USDT	−0.0006%	8h	157.90	−0.139%	$60K	$10K	20x	as long as short
Binance RDDTUSDT	0.0000%	8h	157.95	−0.108%	$548K	$1.6M	20x	as long as short
Bybit RDDTUSDTlong	0.0000%	8h	158.12	long leg	$149K	$94K	25x
OKX RDDT-USDT-SWAP	0.0000%	8h	157.64	−0.304%	$307K	$169K	20x	as long as short
QFEX RDDT-USD	0.0000%	1h	157.83	−0.183%	$1.1M	$1.0M	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	157.92	−0.126%	$8K	$13K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	157.88	−0.152%	$326K	$602K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	157.91	−0.131%	$18K	$34K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RDDT-USDT	0.0000%	8h	157.95	−0.108%	$7K	$352K	10x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	157.96	−0.101%	$42K	$106K	10x	as long as short
edgeX RDDTUSDC	+0.0942%	4h	157.91	−0.131%	$35K	$224K	10x	as long as short