Funding you earn now, next payment 06:00 UTC−0.0932%/8h= −102.1% APRpaid last 24h −0.117%
Price spread now: Extended against Binance−0.285%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Extended is 0.285% cheaper against Binance than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PDDUSDT | 79.717 | 0.0972 | pay 0.0972% / 8h | 2h 14m | $1.4M | $988K | 20x |
| Short | Extended PDD_24_5-USD | 79.490 | 0.0040 | get 0.0005% / 1h | 14m 44s | $3K | — | 5x |
Binance PDDUSDT
Extended PDD_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$195.72
- Price spread: −0.285% → 0.000%
- −$28.51
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$239.23
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 3 min ago; Extended: no order-book sample. Net counts fees only.
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, 3 min ago | 1.25 bp | 33.8 bp −$34 | 110.6 bp −$1,106 | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 79.610 | −0.135% | $259K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.760 | +0.054% | $1.3M | $200K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.561% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USDshort | +0.0040% | 1h | 79.490 | −0.285% | $3K | — | 5x | |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.670 | −0.059% | $32K | $2.7M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.560 | −0.197% | $7K | $301K | 20x | as long as short |
| Gate PDD_USDT | +0.0169% | 8h | 79.600 | −0.147% | $488K | $36K | 20x | as long as short |
| edgeX PDDUSDC | +0.0861% | 4h | 79.666 | −0.064% | $161K | $224K | 10x | as long as short |
| Binance PDDUSDTlong | +0.0972% | 8h | 79.717 | long leg | $1.4M | $988K | 20x |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
KuCoin PDDUSDTM
HTX PDD-USDT
Gate PDD_USDT
edgeX PDDUSDC