TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

RDDT

RWAAll RDDT markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
tradeXYZxyz:RDDT
92.546+0.0627pay 0.0078% / 1h19m 31s$1.3M$3.9M10xLong tradeXYZ
SHORT
MEXCRDDTSTOCK_USDT
92.710+0.0163get 0.0163% / 8h19m 31s$1.2M$341K50xShort MEXC
Price gap+0.177%
Funding gap−0.0464% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $14 a day and eats that in about 6 hours. At the last 7 days' pace that is about 5.1 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$4−0.0464% /8h now · paid −0.044% over the last 7D
Price+$3spread +0.177% now, avg +0.145% → +0.032% if it goes back
Costs−$620.625% of $10k · taker + slippage, in and out
Result−$64−0.64%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.044% in total, about −0.0021%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.177%
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

2 ok · 3 to watch
  • Watch: Thin at this size10.7 / 28.2 bp
    At $10k entering MEXC costs 28.2 bp, fee and slippage, 2.6× tradeXYZ’s.
  • Note: Margin at max leverage$1,000 + $200
    tradeXYZ 10x, MEXC 50x. 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: −$13.93Long tradeXYZ: 24 payments, −$18.82; short MEXC: 3 payments, +$4.89.
  • OK: Entry gap works for you+0.177% vs +0.145%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Short leg is thinner$1.2M vs $1.3M OI
    Both legs are deep; MEXC is the smaller one.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCtradeXYZ No · MEXC Yes
    KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0021%/8h × 21 periods−$4.41
Price spread+0.177% → +0.145% (7d avg)+$3.24
Slippage, 4 orderslive order books−$56.65
Fee tradeXYZ bp × 2 orders−$1.80
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$63.63
Costs to cover0.625%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 7 min ago; MEXC: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGtradeXYZ2.3210.7 bp−$1134.0 bp−$340doesn’t fitdoesn’t fit
SELL · SHORTMEXC17.8128.2 bp−$2834.6 bp−$346142.8 bp−$14.3K265.0 bp−$132.5K

Closing costs about the same again.

Alert

RDDT news

posts that mention RDDT or Reddit, from every exchangeSearch all news →
10-30 16:24KalshiOtherJUST IN: Reddit is down nearly -30% today @Kalshi on X ↗
10-30 14:33ParagonOtherAmazon 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 $6.3 billion from Binance, reported as the largest crypto theft on record. The top losers on Paragon over the past 24 hours. @tradeparagon on X ↗
10-30 08:00KalshiOtherBREAKING: Reddit to require logins for browsing "most of the site" @Kalshi on X ↗
10-29 22:54KalshiOtherJUST IN: Reddit to start requiring users to log-in to access the platform @Kalshi on X ↗
10-29 21:01ParagonOther$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 02:56Ondo PerpsListingNew equity perps now live: ▸ $RDDT - Reddit ▸ $ASML - ASML Holding ▸ $NKE - Nike Inc ▸ $WEN - Wendy’s Trade now → @OndoPerps on X ↗