Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 96.728 | +0.1188 | pay 0.0149% / 1h | 4m 45s | $434K | $433K | 10x | Long Bullet | |
| SHORT | 97.060 | −2.2152 | pay 0.2769% / 1h | 4m 45s | $291K | $1.2M | 20x | Short Popdex |
Price gap+0.343%
Funding gap−2.3340% /8h
The gap pays +$32 on $10k if it goes back to its 7d average, but funding costs $700 a day and eats that in about 1 hour. At the last 7 days' pace that is about 9 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$619−2.3340% /8h now · paid −6.191% over the last 7D
Price+$32spread +0.343% now, avg +0.020% → +0.323% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$587−5.87%+ Points / potential airdropBullet: points · farm boardcosts unknown: book too thin at $10k · What 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 −6.191% in total, about −0.2948%/8h on average.
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+0.343%
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
/8hUNITREE on 22 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books4.1 / 8.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Bullet 10x, Popdex 20x. 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: −$700.20Long Bullet: 24 payments, −$35.64; short Popdex: 24 payments, −$664.56.
- OK: Entry gap works for you+0.343% vs +0.020%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$291K vs $434K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legBullet pointsVolume here counts toward the points program.
- OK: No KYC on either legBullet No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.2948%/8h × 21 periods−$619.12
Price spread+0.343% → +0.020% (7d avg)+$32.30
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Bullet bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Bullet: live order book, 2 min ago; Popdex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet4.134.1 bp−$427.0 bp−$270doesn’t fitdoesn’t fit
SELL · SHORTPopdex2.068.8 bp−$923.2 bp−$232doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 19:07 | Paragon | Product | Unitree closed at its 20% daily limit in Shanghai today, its first limit-up since the August listing, two days after introducing the H2-X. Shanghai is closed until Monday, $UNITREE trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗ |
| 10-20 05:21 | SoDEX | Other | 🚀 UNITREE IS BACK, BABY! 🔥 @sodex_official on X ↗ |
| 10-13 18:53 | Paragon | Other | Unitree ($UNITREE) opened Aug 4, 15 days before the Shanghai IPO. It closed its first day at $64.93, went into IPO eve at $96, hit $137 on IPO day and closed $113. More than $28M traded before a single share changed hands in Shanghai. It is $64 now. @tradeparagon on X ↗ |
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| 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 ↗ |


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