Funding you earn now, next payment 08:00 UTC+0.0996%/8h= +109.0% APRpaid last 24h +0.162%
Price spread now: edgeX against Bitget+0.220%74s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as 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−$1261.258% of the position
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.220%, 7d avg +0.043%
=Together, before fees0.000%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.177% dearer against Bitget than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.043%. The two prices were read 74 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 0.209% in total (about 10.9% 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 | Bitget PDDUSDT | 80.020 | 0 | get 0.0000% / 8h | 3h 56m | $1.3M | $198K | 20x |
| Short | edgeX PDDUSDC | 80.196 | 0.0996 | get 0.0498% / 4h | 3h 56m | $162K | $223K | 10x |
Bitget PDDUSDT
edgeX PDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $209.06
- Price spread: +0.220% → +0.043%
- $17.7
- Slippage, 4 orders
- −$104.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $100.98
- Costs to cover
- 1.258%
- Break-even
- 3.6 days
Slippage from Bitget: live order book, 5 min ago; edgeX: live order book, 61 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, 5 min ago | 11.24 bp | 17.9 bp −$18 | 45.5 bp −$455 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 61 min ago | 9.96 bp | 40.4 bp −$40 | 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 | −0.062% | $258K | $2.0M | 25x | as long as short |
| Bitget PDDUSDTlong | 0.0000% | 8h | 80.020 | long leg | $1.3M | $198K | 20x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.937% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.855 | −0.206% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 80.030 | +0.012% | $31K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.950 | −0.087% | $7K | $305K | 20x | as long as short |
| Gate PDD_USDT | +0.0280% | 8h | 79.990 | −0.037% | $488K | $37K | 20x | as long as short |
| Binance PDDUSDT | +0.0533% | 8h | 80.156 | +0.170% | $1.4M | $978K | 20x | as long as short |
| edgeX PDDUSDCshort | +0.0996% | 4h | 80.196 | +0.220% | $162K | $223K | 10x |
Bybit PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Gate PDD_USDT
Binance PDDUSDT