RDDT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateRDDT_USDT	92.770	0	0.0000% / 8h	3h 05m	$147K	$290K	25x	Long Gate
SHORT	Ondo PerpsRDDT-USD.P	92.540	+0.0050	get 0.0006% / 1h	5m 25s	$7K	$166K	10x	Short Ondo Perps5% off

Price gap−0.248%

Funding gap+0.0050% /8h

Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

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

Funding+$11+0.0050% /8h now · paid +0.106% over the last 7D

Price−$1spread −0.248% now, avg −0.241% → −0.007% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs+$10+0.10%+ Points / potential airdropOndo Perps: points · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

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−0.248%

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

RDDT on 17 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size132.7 / 39.8 bp
At $10k entering Gate costs 132.7 bp, fee and slippage, 3.3× Ondo Perps’s.
Note: Margin at max leverage$400 + $1,000
Gate 25x, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$1.51Long Gate: 3 payments, $0.00; short Ondo Perps: 24 payments, +$1.51.
Note: Gap at its usual level−0.248% vs −0.241%
The price leg adds little either way.
Watch: Short leg is thinner$7K vs $147K OI
Ondo Perps sets your exit cost. Check its book before closing.
OK: Points on a legOndo Perps points
Volume here counts toward the points program.
Watch: KYCGate Yes · Ondo Perps 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 earned+0.0050%/8h × 21 periods+$10.58

Price spread−0.248% → −0.241% (7d avg)−$0.72

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Gate bp × 2 orders−$15.00

Fee Ondo Perps bp × 2 orders−$5.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Gate: live order book, 9 min ago; Ondo Perps: live order book, 46 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate11.33132.7 bp−$133doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTOndo Perps16.2439.8 bp−$40doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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 ↗