Paragon
dexMaker 3 bps · Taker 9 bps
Markets
Click an asset to view market overview · Funding rates update every 60s
About Paragon funding & fees
Paragon is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 4 perpetual markets, $1.6M total open interest, $102K in 24h volume. Average funding across its markets is -19.29% annualized. ORBIT compares Paragon's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Paragon charges 9 bps taker and 3 bps maker fees on perpetuals. Via the ORBIT referral you also get: HYPE rebates on HIP-3 trades. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Paragon's native token HYPE is already live. Funding-rate incentives on listed-token venues are usually steadier than pre-TGE points, which makes Paragon a reliable leg for delta-neutral pairs.
To run funding arbitrage with Paragon, find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include BTCD (-14.54%), AVGO (+11.86%), OTHERS (-101.88%).
Frequently asked questions
- What are Paragon trading fees?
- Paragon charges 9 bps taker and 3 bps maker on perpetual futures. ORBIT referral perk: HYPE rebates on HIP-3 trades. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Paragon a CEX or DEX?
- Paragon is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Paragon have a token?
- Paragon's token HYPE is already live. Its major points-farming airdrop has concluded, so funding incentives are the main ongoing edge here.
- How do I arbitrage funding rates on Paragon?
- Open the ORBIT Funding Screener, find an asset where Paragon's funding is much higher or lower than another exchange, then go long on the lower-funding venue and short on the higher one in equal size. Backtest the exact pair on ORBIT first to confirm it is profitable net of fees and slippage.