Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 98.558 | +0.0242 | pay 0.0030% / 1h | 58m 14s | $211K | $8K | 10x | Long Paragon | |
| SHORT | 98.520 | 0 | 0.0000% / 1h | 58m 14s | $786K | $5K | 10x | Short QFEX37% off |
Price gap−0.038%
Funding gap−0.0242% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.140% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$123−0.0242% /8h now · paid +1.225% over the last 7D
Price−$14spread −0.038% now, avg +0.102% → −0.140% if it goes back
Costs−$750.749% of $10k · taker + slippage, in and out
Result+$34+0.34%no points
Price and funding
1h · historyEntry / 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−0.038%
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
/8hRDDT on 17 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size19.9 / 19.2 bpAt $10k entering Paragon costs 19.9 bp, fee and slippage, 1.0× QFEX’s.
- Note: Margin at max leverage$1,000 + $1,000Paragon 10x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$7.25Long Paragon: 24 payments, −$7.25; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.038% vs +0.102%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$211K vs $786K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legParagon No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0583%/8h × 21 periods+$122.50
Price spread−0.038% → +0.102% (7d avg)−$13.97
Slippage, 4 orderslive order books−$53.11
Fee Paragon bp × 2 orders−$1.80
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k+$33.62
Costs to cover0.749%Break-even5.1 days
Slippage: Paragon: live order book, 48 min ago; QFEX: live order book, 27 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon15.7419.9 bp−$2079.7 bp−$797doesn’t fitdoesn’t fit
SELL · SHORTQFEX9.1719.2 bp−$1919.2 bp−$19229.3 bp−$2,927doesn’t fit
Closing costs about the same again.
RDDT news
posts that mention RDDT or Reddit, from every exchange| 11-08 16:34 | Kalshi | Other | JUST IN: Reddit stock is now the worst performing S&P 500 stock this year @Kalshi on X ↗ |
| 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 ↗ |
Kalshi