Funding arb · Price arb / RWA

RDDT

RWAAll RDDT markets →

LONGMEXC▾edgeX −0.0352%tradeXYZ −0.0010%BloFin −0.0010%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%HTX 0.0000%BingX +0.0050%Ondo Perps +0.0050%TxFlow +0.0100%

⇄⇅

SHORTParagon▾Paragon +0.1935%TxFlow +0.0100%Ondo Perps +0.0050%BingX +0.0050%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%HTX 0.0000%BloFin −0.0010%tradeXYZ −0.0010%edgeX −0.0352%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCRDDTSTOCK_USDT	92.400	0	0.0000% / 8h	3h 03m	$1.2M	$335K	50x	Long MEXC
SHORT	Paragonpara:RDDT	92.135	+0.1935	get 0.0242% / 1h	3m 21s	$97K	$159K	10x	Short Paragon

Price gap−0.287%

Funding gap+0.1935% /8h

Funding pays +$58 a day on $10k, but the gap is 0.204% under its 7d average: −$20 if it goes back, about 8 hours of funding.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.385% in total, about −0.0183%/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−0.287%

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

MEXCParagon

RDDT on 17 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

• !
  Watch: Thin at this size17.1 / 35.0 bp

  At $10k entering Paragon costs 35.0 bp, fee and slippage, 2.0× MEXC’s.
• i
  Note: Margin at max leverage$200 + $1,000

  MEXC 50x, Paragon 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.

  Long MEXC · 8h$0.00

  Short Paragon · 1h+$58.05

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

  Next 24h at the current rates, on $10k a leg: +$58.05Long MEXC: 3 payments, $0.00; short Paragon: 24 payments, +$58.05.
• !
  Watch: Gap narrower than usual−0.287% vs −0.082%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$97K vs $1.2M OI

  Paragon sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCMEXC Yes · Paragon No

  KYC before trading since Feb 2026; unverified accounts see market data only.

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−0.0183%/8h × 21 periods−$38.53

Price spread−0.287% → −0.082% (7d avg)−$20.43

Slippage, 4 orderslive order books−$98.48

Fee MEXC bp × 2 orders−$4.00

Fee Paragon bp × 2 orders−$1.80

Net · 7 days · $10k−$163.24

Costs to cover1.043%Break-evennever at this rate

Slippage: MEXC: live order book, 2 min ago; Paragon: live order book, 62 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGMEXC15.1517.1 bp−$1724.1 bp−$241146.8 bp−$14.7K267.2 bp−$133.6K

SELL · SHORTParagon34.0935.0 bp−$35196.0 bp−$1,960doesn’t fitdoesn’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 ↗