Funding arb · Price arb /

RDDT

RWAall RDDT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h −0.029%

Price spread now: OKX against Paragon+0.297%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.469%−$47 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and OKX is 0.297% dearer against Paragon than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.469%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.469% in total (about -24.4% 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	Paragon para:RDDT	157.83	−0.0756	get 0.0095% / 1h	21m 24s	$53K	$92K	10x
Short	OKX RDDT-USDT-SWAP	158.30	0	get 0.0000% / 8h	7h 21m	$303K	$192K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Paragon. 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 ParagonbpFee OKXbpOrdersPrice spread, now +0.297%Rate

Funding earned: $158.8
Price spread: +0.297% → 0.000%: $29.68
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $168.48
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Paragon: no order-book sample; OKX: live order book, 9 min ago. 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 Paragon no order-book sample	—	—	—	—	—
Sell OKX live order book, 9 min ago	8.22 bp	63.1 bp −$63	doesn't fit	doesn't fit	doesn't fit

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
edgeX RDDTUSDC	−0.0932%	4h	158.05	+0.137%	$35K	$224K	10x	as long as short
Paragon para:RDDTlong	−0.0756%	1h	157.83	long leg	$53K	$92K	10x
Binance RDDTUSDT	0.0000%	8h	158.13	+0.187%	$512K	$1.7M	20x	as long as short
Bybit RDDTUSDT	0.0000%	8h	157.60	−0.147%	$149K	$92K	25x	as long as short
OKX RDDT-USDT-SWAPshort	0.0000%	8h	158.30	+0.297%	$303K	$192K	20x
QFEX RDDT-USD	0.0000%	1h	156.75	−0.685%	$1.1M	$1.0M	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	158.19	+0.227%	$8K	$14K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	157.82	−0.007%	$348K	$583K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	157.96	+0.081%	$13K	$37K	—	as long as short
HTX RDDT-USDT	0.0000%	8h	158.21	+0.240%	$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	+0.0005%	8h	158.00	+0.107%	$60K	$10K	20x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	157.87	+0.024%	$53K	$174K	10x	as long as short
tradeXYZ xyz:RDDT	+0.0836%	1h	157.98	+0.094%	$265K	$178K	10x	as long as short