Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 97.650 | 0 | 0.0000% / 1h | 7m 35s | $780K | $5K | 10x | Long QFEX37% off | |
| SHORT | 97.727 | +0.0060 | get 0.0008% / 1h | 7m 35s | $210K | $8K | 10x | Short Paragon |
Price gap+0.079%
Funding gap+0.0060% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.180% above its 7d average: +$18 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$123+0.0060% /8h now · paid −1.225% over the last 7D
Price+$18spread +0.079% now, avg −0.102% → +0.180% if it goes back
Costs−$750.749% of $10k · taker + slippage, in and out
Result−$179−1.79%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+0.079%
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
3 ok · 2 to watch- Watch: Thin at this size19.2 / 16.6 bpAt $10k entering QFEX costs 19.2 bp, fee and slippage, 1.2× Paragon’s.
- Note: Margin at max leverage$1,000 + $1,000QFEX 10x, Paragon 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: +$1.81Long QFEX: 24 payments, +$0.01; short Paragon: 24 payments, +$1.80.
- OK: Entry gap works for you+0.079% vs −0.102%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$210K vs $780K 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 legQFEX No · Paragon 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+0.079% → −0.102% (7d avg)+$18.04
Slippage, 4 orderslive order books−$53.11
Fee QFEX bp × 2 orders−$20.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$179.37
Costs to cover0.749%Break-evennever at this rate
Slippage: QFEX: live order book, 18 min ago; Paragon: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX9.1719.2 bp−$1919.2 bp−$19227.1 bp−$2,707doesn’t fit
SELL · SHORTParagon15.7416.6 bp−$1775.6 bp−$756doesn’t fitdoesn’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