TREAD

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:TREAD	1.0119	+0.2441	pay 0.0305% / 1h	21m 05s	$616K	$792K	5x	Long Paragon
SHORT	Kraken FuturesPF_TREADUSD	1.0145	+3.8929	get 0.4866% / 1h	21m 05s	$6K	$53K	20x	Short Kraken Futures

Price gap+0.258%

Funding gap+3.6488% /8h

Both sides work: funding pays +$1,095 a day on $10k, and the gap is 0.258% above zero (no 7-day history yet): +$26 more if it goes back.

If you open now and hold

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

Funding—+3.6488% /8h now · no funding history yet

Price—spread +0.258% now · no price history on both exchanges yet

Costsno datano order book for Kraken Futures

Result, before costs—no pointsneeds funding history

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Kraken Futures price against Paragonnow

RANGE STATS · 7D

Now+0.258%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TREAD on 3 exchanges

lowest funding first

Before you open

1 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Kraken Futures: its slippage is not counted.
Note: Margin at max leverage$2,000 + $500
Paragon 5x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$1,094.64Long Paragon: 24 payments, −$73.24; short Kraken Futures: 24 payments, +$1,167.88.
Note: No 7-day spread history+0.258%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$6K vs $616K OI
Kraken Futures sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCParagon No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earnedno history yet: current rate+$7,662.50

Price spread+0.258% → 0+$25.82

Slippage, 4 ordersno data for Kraken Futures—

Fee Paragon bp × 2 orders−$10.00

Fee Kraken Futures bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$7,668.32

Costs to cover0.200%Break-evenfrom the start

Slippage: Paragon: live order book, 64 min ago; Kraken Futures: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon8.43doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTKraken Futures—————

Closing costs about the same again.
Kraken Futures: no data.

TREAD news

posts that mention TREAD, from every exchangeSearch all news →

09-25 14:38	Paragon	Other	$TREAD led Paragon markets over the last 24h at +40.63%, with $SMCI +7.48%, $ANSEM +7.43% and $CRDO +7.06% rounding out the top of the board. @tradeparagon on X ↗
09-24 12:27	Kraken Futures	Listing	new market PF_TREADUSD ($TREAD) seen by our collector
09-17 17:43	Paragon	Other	$TREAD led Paragon markets over the past 24h at +25.99%, ahead of $SMCI at +10.56% and $ANSEM at +9.29%, with $UNITREE up 6.50%. @tradeparagon on X ↗
09-16 15:39	Paragon	Listing	$TREAD is now trading 24/7 on Hyperliquid. Up to 5x leverage. $TREAD is the native token of @tread_fi, which offers execution algorithms, smart order routing and market-making bots, across centralized venues, perpetual DEXs and on-chain swaps. @tradeparagon on X ↗