Funding you earn now, next payment 08:00 UTC−0.0567%/8h= −62.1% APRpaid last 24h −0.028%
Price spread now: edgeX against Binance+0.016%50s7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1061.062% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.016%, 7d avg −0.031%
=Together, before fees−0.142%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.047% dearer against Binance than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.031%): +$5 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.140% in total) that is about 2.4 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PDDUSDT | 80.134 | 0.0578 | pay 0.0578% / 8h | 3h 50m | $1.4M | $973K | 20x |
| Short | edgeX PDDUSDC | 80.147 | 0.0010 | get 0.0005% / 4h | 3h 50m | $162K | $224K | 10x |
Binance PDDUSDT
edgeX PDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$119.08
- Price spread: +0.016% → −0.031%
- $4.71
- Slippage, 4 orders
- −$87.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$220.53
- Costs to cover
- 1.062%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; edgeX: 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, 12 min ago | 1.25 bp | 16.5 bp −$17 | 77.3 bp −$773 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 9.99 bp | 35.6 bp −$36 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PDDUSDT | 0.0000% | 8h | 79.970 | −0.204% | $258K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 80.010 | −0.154% | $1.3M | $198K | 20x | as long as short |
| edgeX PDDUSDCshort | +0.0010% | 4h | 80.147 | +0.016% | $162K | $224K | 10x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −1.078% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.850 | −0.354% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 80.000 | −0.167% | $31K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 80.300 | +0.207% | $7K | $305K | 20x | as long as short |
| Gate PDD_USDT | +0.0254% | 8h | 79.990 | −0.179% | $488K | $37K | 20x | as long as short |
| Binance PDDUSDTlong | +0.0578% | 8h | 80.134 | long leg | $1.4M | $973K | 20x |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Gate PDD_USDT