Paragon Funding Rates — live across 15 markets
PERP · 1h funding interval · paired against 15 other venues · updated every few minutesLive annualized funding for every Paragon perpetual market Perpia scans. Right now 8 of 15 markets pay positive funding (longs pay shorts) and 7 pay negative, with a median of +4.7%. The widest delta-neutral spread involving Paragon on a market with real depth is MELI: long Paragon / short Bitget at 185.3% net APR.
Paragon at a glance
venue registryFees are the venue's published default tiers — the ones Perpia uses when a market has no per-market override. Volume and open interest are venue-wide, not per market.
Paragon funding rate history
last 30 days · annualizedOver the last 30 days UNITREE on Paragon averaged -47.7% annualized, ranging from -456.5% to +313.5%; funding was positive 50% of the time. Over the last 30 days NET on Paragon averaged +18.5% annualized, ranging from -251.6% to +464.6%; funding was positive 53% of the time. Over the last 30 days TER on Paragon averaged -12.1% annualized, ranging from -209.6% to +145.8%; funding was positive 51% of the time. Rates are sampled per settlement and annualized, so venues on different intervals stay comparable. A market that spends most of its time on one side of zero is the one worth holding; a rate that crosses zero often pays only while you watch it.
Highest funding on Paragon
longs pay shortsMost negative funding on Paragon
shorts pay longsBest Paragon funding spreads
67 pairs scanned · net of fees| Market | Long | Short | Net APR | Thin leg vol | Max size |
|---|---|---|---|---|---|
| UNITREE | Paragon | Hyperliquid | 437.6% | $434K | — |
| UNITREE | Paragon | trade.xyz | 397.9% | $434K | — |
| TER | Gate.io | Paragon | 377.8% | $60K | — |
| TER | Bitget | Paragon | 376.2% | $60K | — |
| TER | OKX | Paragon | 375.5% | $30K | — |
| TER | Bybit | Paragon | 375.4% | $60K | — |
| TER | KuCoin | Paragon | 372.4% | $60K | — |
| UNITREE | Paragon | Bybit | 367.7% | $434K | — |
| NET | Paragon | Hyperliquid | 336.0% | $139K | — |
| NET | Paragon | trade.xyz | 325.0% | $139K | — |
| NET | Paragon | Bitget | 322.5% | $139K | — |
| NET | Paragon | Bybit | 322.0% | $45K | — |
Net APR is the gross funding spread minus entry and exit fees, both legs' bid/ask spread and estimated slippage. “Max size” is shown only where real order-book depth was available; a dash means the cap is a placeholder, not a measurement.
Paragon versus other exchanges
most shared markets firstThe exchanges Paragon currently shares the most markets with. Each pair has its own page with the live spread between the two.
Paragon funding — FAQ
What is the funding rate on Paragon right now?
Across the 15 Paragon perpetual markets Perpia tracks, the median annualized funding is +4.7%. 8 markets currently pay positive funding (longs pay shorts) and 7 pay negative. The highest is TER at +408.1%.
How often does Paragon pay funding?
Paragon settles funding every 1 hours on all 15 markets tracked here. Perpia annualizes the rate so it is comparable with venues on other intervals.
What is the best Paragon funding arbitrage right now?
Long Paragon and short Bitget on MELI, worth about 185.3% net APR after estimated fees — the widest delta-neutral spread involving Paragon on a market with at least $1M of 24h volume on the smaller leg in the current snapshot.
How to read a venue funding rate
Funding is a recurring payment between the long and short side of a perpetual, set by each venue from its own perp-versus-spot basis. A positive rate means longs pay shorts. Because every exchange computes it independently — different intervals, clamps and premium windows — the same market can pay positive funding here and negative elsewhere, which is what a delta-neutral funding trade harvests. Perpia annualizes every rate so venues on 1h, 4h and 8h intervals are directly comparable. See the methodology for the exact calculation.