Paragon lists 19 perpetual markets with funding rate data. The current mean funding rate across Paragon perps is 5.77 bps (63.13% APY) (8h-normalized so it can be compared across venues with different funding intervals).

Highest Paragon funding rates

• AAOI: 31.02 bps (339.62% APY)
• COHR: 19.34 bps (211.81% APY)
• IREN: 18.42 bps (201.74% APY)

Lowest Paragon funding rates

• CRDO: -0.86 bps (-9.45% APY)
• BTCD: -0.43 bps (-4.74% APY)
• CIEN: 0.00 bps (0.00% APY)

Largest absolute Paragon funding rates

Markets with the most extreme Paragon funding (positive or negative): AAOI (31.02 bps), COHR (19.34 bps), IREN (18.42 bps).

About Paragon funding rates

Funding payments keep Paragon perpetual contracts pinned to the underlying spot price. A positive Paragon funding rate means longs pay shorts — the long side is crowded and willing to pay to hold the position. A negative Paragon funding rate means shorts pay longs. All rates on this page are normalized to an 8-hour basis so Paragon can be compared directly with venues that fund hourly, every 4 hours, or on any other schedule.

Last updated 2026-08-02T19:48:05Z (UTC).