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: Binance against Bitget+0.038%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days+0.290%+$29 on $10k
+Price spread, last 2 days (all we have)−0.038%−$4 · spread now +0.038%, 7d avg +0.094%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.056% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.094%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PDDUSDT | 79.500 | 0 | get 0.0000% / 8h | 5m 42s | $1.3M | $195K | 20x |
| Short | Binance PDDUSDT | 79.530 | 0 | get 0.0000% / 8h | 5m 42s | $1.3M | $930K | 20x |
Bitget PDDUSDT
Binance PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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: +0.038% → +0.094%
- −$5.62
- Slippage, 4 orders
- −$52.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.83
- Costs to cover
- 0.742%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 12 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 Bitget live order book, 1 min ago | 10.05 bp | 28.7 bp −$29 | 49.9 bp −$499 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.63 bp | 8.8 bp −$9 | 57.7 bp −$577 | 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 PDDUSDTshort | 0.0000% | 8h | 79.530 | +0.038% | $1.3M | $930K | 20x | |
| Bybit PDDUSDT | 0.0000% | 8h | 79.430 | −0.088% | $254K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.450 | −0.063% | $483K | $38K | 20x | as long as short |
| Bitget PDDUSDTlong | 0.0000% | 8h | 79.500 | long leg | $1.3M | $195K | 20x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.289% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.420 | −0.101% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.350 | −0.189% | $34K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.590 | +0.113% | $7K | $310K | 20x | as long as short |
| edgeX PDDUSDC | +0.0184% | 4h | 79.504 | +0.005% | $161K | $224K | 10x | as long as short |
Bybit PDDUSDT
Gate PDD_USDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
edgeX PDDUSDC