Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.129%
Price spread now: Bybit against Binance−0.221%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1511.509% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 2 days (all we have)+0.153%+$15 · spread now −0.221%, 7d avg −0.127%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.094% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.127%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PDDUSDT | 79.616 | 0 | get 0.0000% / 8h | 7h 10m | $1.3M | $943K | 20x |
| Short | Bybit PDDUSDT | 79.440 | 0 | get 0.0000% / 8h | 7h 10m | $254K | $2.0M | 25x |
Binance PDDUSDT
Bybit PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.221% → −0.127%
- −$9.41
- Slippage, 4 orders
- −$129.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$160.3
- Costs to cover
- 1.509%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 1 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, 7 min ago | 0.63 bp | 17.2 bp −$17 | 107.9 bp −$1,079 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 11.32 bp | 83.1 bp −$83 | 189.6 bp −$1,896 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PDDUSDTlong | 0.0000% | 8h | 79.616 | long leg | $1.3M | $943K | 20x | |
| Bybit PDDUSDTshort | 0.0000% | 8h | 79.440 | −0.221% | $254K | $2.0M | 25x | |
| Gate PDD_USDT | 0.0000% | 8h | 79.540 | −0.095% | $483K | $37K | 20x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.630 | +0.018% | $1.3M | $198K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.434% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.370 | −0.309% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.590 | −0.032% | $34K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.430 | −0.233% | $7K | $307K | 20x | as long as short |
| edgeX PDDUSDC | +0.0710% | 4h | 79.595 | −0.026% | $161K | $225K | 10x | as long as short |
Gate PDD_USDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
edgeX PDDUSDC