RDDT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Ondo PerpsRDDT-USD.P	92.500	+0.0050	pay 0.0006% / 1h	55m 40s	$7K	$166K	10x	Long Ondo Perps5% off
SHORT	OKXRDDT-USDT-SWAP	92.430	0	0.0000% / 8h	3h 55m	$299K	$803K	10x	Short OKX

Price gap−0.076%

Funding gap−0.0050% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.226% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$3−0.0050% /8h now · paid −0.033% over the last 7D

Price−$23spread −0.076% now, avg +0.150% → −0.226% if it goes back

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

Result, before costs−$26−0.26%+ 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−0.076%

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 · 5 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than Ondo Perps’s order book right now.
Note: Margin at max leverage$1,000 + $1,000
Ondo Perps 10x, OKX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.51Long Ondo Perps: 24 payments, −$1.51; short OKX: 3 payments, $0.00.
Watch: Gap narrower than usual−0.076% vs +0.150%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$7K vs $299K 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: KYCOndo Perps No · OKX Yes
Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0016%/8h × 21 periods−$3.29

Price spread−0.076% → +0.150% (7d avg)−$22.56

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

Fee Ondo Perps bp × 2 orders−$5.00

Fee OKX bp × 2 orders−$10.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Ondo Perps: live order book, 61 min ago; OKX: live order book, 44 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOndo Perps15.15doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTOKX10.8298.8 bp−$99doesn’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 ↗