Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.129%
Price spread now: Bitget against Binance−0.075%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 2 days (all we have)+0.054%+$5 · spread now −0.075%, 7d avg −0.098%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.023% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PDDUSDT | 79.540 | 0 | get 0.0000% / 8h | 2h 33m | $1.3M | $929K | 20x |
| Short | Bitget PDDUSDT | 79.480 | 0 | get 0.0000% / 8h | 2h 33m | $1.3M | $193K | 20x |
Binance PDDUSDT
Bitget PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.075% → −0.098%
- $2.25
- Slippage, 4 orders
- −$104.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$124.19
- Costs to cover
- 1.264%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 14 min ago | 1.26 bp | 21.3 bp −$21 | 107.7 bp −$1,077 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 11.95 bp | 48.1 bp −$48 | 68.4 bp −$684 | doesn't fit | doesn't fit |
PDD on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX PDDUSDC | −0.0754% | 4h | 79.523 | −0.021% | $161K | $224K | 10x | as long as short |
| Binance PDDUSDTlong | 0.0000% | 8h | 79.540 | long leg | $1.3M | $929K | 20x | |
| Bybit PDDUSDT | 0.0000% | 8h | 79.470 | −0.088% | $254K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.470 | −0.088% | $485K | $37K | 20x | as long as short |
| Bitget PDDUSDTshort | 0.0000% | 8h | 79.480 | −0.075% | $1.3M | $193K | 20x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.339% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.430 | −0.139% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.350 | −0.239% | $35K | $2.9M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.670 | +0.164% | $7K | $314K | 20x | as long as short |
edgeX PDDUSDC
Bybit PDDUSDT
Gate PDD_USDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT