PDD

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinancePDDUSDT	80.500	0	0.0000% / 8h	2h 14m	$1.3M	$895K	20x	Long Binance
SHORT	BingXNCSKPDD2USD-USDT	80.490	−0.0050	pay 0.0050% / 8h	2h 14m	$902K	$1.3M	—	Short BingX

Price gap−0.012%

Funding gap−0.0050% /8h

Funding costs $2 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$15−0.0050% /8h now · paid −0.148% over the last 7D

Price−$2spread −0.012% now, avg +0.006% → −0.019% if it goes back

Costs−$640.638% of $10k · taker + slippage, in and out

Result−$80−0.80%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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−0.012%

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

/8h

PDD on 12 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size18.0 / 14.0 bp
At $10k entering Binance costs 18.0 bp, fee and slippage, 1.3× BingX’s.
Note: Margin at max leverage$500 + —
Binance 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.50Long Binance: 3 payments, $0.00; short BingX: 3 payments, −$1.50.
Note: Gap at its usual level−0.012% vs +0.006%
The price leg adds little either way.
Watch: Short leg is thinner$902K vs $1.3M OI
BingX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · BingX Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0071%/8h × 21 periods−$14.81

Price spread−0.012% → +0.006% (7d avg)−$1.86

Slippage, 4 orderslive order books−$45.76

Fee Binance bp × 2 orders−$8.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$80.43

Costs to cover0.638%Break-evennever at this rate

Slippage: Binance: live order book, 13 min ago; BingX: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance0.6218.0 bp−$1877.5 bp−$775doesn’t fitdoesn’t fit

SELL · SHORTBingX0.6214.0 bp−$1471.4 bp−$714285.7 bp−$28.6K833.4 bp−$416.7K

Closing costs about the same again.

PDD news

posts that mention PDD or PDD Holdings, from every exchangeSearch all news →

09-28 16:43	Avantis	Other	2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:14	Avantis	Listing	new market PDD/USD ($PDD) seen by our collector

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