Settings8H · net · $10k
Funding arb · Price arb /

PDD

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Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Bitget+0.025%56s7-day average +0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 4 days (all we have)+0.393%+$39 · spread now +0.025%, 7d avg +0.025%
Together, before fees+0.603%+$60 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PDDUSDT79.8100get 0.0000% / 8h7h 01m$1.4M$219K20x
ShortHTX PDD-USDT79.8300.0100get 0.0100% / 8h7h 01m$7K$300K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: +0.025% → +0.025%
−$0.01
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$3.01
Costs to cover
0.240%
Break-even
8.0 days
Slippage unknown: Bitget: live order book, 5 min ago; HTX: live order book, 31 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago15.05 bp42.6 bp −$4354.1 bp −$541doesn't fitdoesn't fit
Sell HTX live order book, 31 min ago47.73 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PDD on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX PDDUSDC−0.0391%4h79.791−0.024%$161K$224K10xas long as short
Bybit PDDUSDT0.0000%8h79.780−0.038%$265K$2.0M25xas long as short
Gate PDD_USDT0.0000%8h79.800−0.013%$498K$39K20xas long as short
Bitget PDDUSDTlong0.0000%8h79.810long leg$1.4M$219K20x
Injective PDD/USDC PERP+0.0033%1h79.270−0.677%$11K$8K12xas long as short
Extended PDD_24_5-USD+0.0040%1h79.771−0.048%$3K5xas long as short
KuCoin PDDUSDTM+0.0100%8h79.8100.000%$30K$2.7M20xas long as short
HTX PDD-USDTshort+0.0100%8h79.830+0.025%$7K$300K20x
Binance PDDUSDT+0.0420%8h79.812+0.003%$1.4M$1.0M20xas long as short