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: Gate against Binance−0.267%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2372.368% of the position
Funding, last 7 days−0.235%−$24 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.267%, 7d avg −0.134%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.132% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PDDUSDT | 80.204 | 0 | get 0.0000% / 8h | 5h 40m | $1.4M | $936K | 20x |
| Short | Gate PDD_USDT | 79.990 | 0 | get 0.0000% / 8h | 5h 40m | $486K | $36K | 20x |
Binance PDDUSDT
Gate PDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.267% → −0.134%
- −$13.24
- Slippage, 4 orders
- −$211.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$250.01
- Costs to cover
- 2.368%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Gate: live order book, 20 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 | 1.25 bp | 17.7 bp −$18 | 95.3 bp −$953 | doesn't fit | doesn't fit |
| Sell Gate live order book, 20 min ago | 30.65 bp | 155.8 bp −$156 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PDDUSDTlong | 0.0000% | 8h | 80.204 | long leg | $1.4M | $936K | 20x | |
| Bybit PDDUSDT | 0.0000% | 8h | 80.020 | −0.229% | $255K | $2.0M | 25x | as long as short |
| Gate PDD_USDTshort | 0.0000% | 8h | 79.990 | −0.267% | $486K | $36K | 20x | |
| Bitget PDDUSDT | 0.0000% | 8h | 80.150 | −0.067% | $1.3M | $199K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −1.164% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 80.040 | −0.204% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 80.130 | −0.092% | $32K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 80.190 | −0.017% | $7K | $306K | 20x | as long as short |
| edgeX PDDUSDC | +0.0994% | 4h | 80.121 | −0.104% | $162K | $222K | 10x | as long as short |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
edgeX PDDUSDC