Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 98.050 | −2.2567 | get 2.2567% / 8h | 6h 18m | $52K | $208K | 10x | Long Orderly | |
| SHORT | 98.020 | −0.3008 | pay 0.0376% / 1h | 18m 59s | $116K | $971K | 20x | Short Popdex |
Price gap−0.031%
Funding gap+1.9559% /8h
Funding pays +$587 a day on $10k, but the gap is 0.051% under its 7d average: −$5 if it goes back, about under an hour of funding. At the last 7 days' pace that is about 7 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$116+1.9559% /8h now · paid +1.160% over the last 7D
Price−$5spread −0.031% now, avg +0.020% → −0.051% if it goes back
Costsno datano order book for Orderly
Result, before costs+$111+1.11%no pointscosts unknown: no order book for Orderly · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +1.160% in total, about +0.0552%/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−0.031%
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
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $500Orderly 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$586.76Long Orderly: 3 payments, +$677.00; short Popdex: 24 payments, −$90.24.
- Watch: Gap narrower than usual−0.031% vs +0.020%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$52K vs $116K OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legOrderly No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0552%/8h × 21 periods+$115.99
Price spread−0.031% → +0.020% (7d avg)−$5.11
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Popdex bp × 2 orders−$6.40
Net, fees only · 7 days · $10k+$98.48
Costs to cover0.124%Break-even1.1 days
Slippage: Orderly: no order-book sample; Popdex: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTPopdex1.027.2 bp−$715.7 bp−$157doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
| 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, $UNITREE trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗ |
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| 10-13 18:53 | Paragon | Other | Unitree ($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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