Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against Bitget−0.614%101s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.614% cheaper against Bitget than usual: you would sell low and buy high (spread −0.614% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$61 on $10k: about 2 months of funding at the current rate (+$1 a day). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PDDUSDT | 79.760 | 0 | get 0.0000% / 8h | 2h 19m | $1.3M | $200K | 20x |
| Short | Injective PDD/USDC PERP | 79.270 | 0.0033 | get 0.0004% / 1h | 19m 46s | $11K | $8K | 12x |
Bitget PDDUSDT
Injective PDD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $7
- Price spread: −0.614% → 0.000%
- −$61.43
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$66.45
- Costs to cover
- 0.120%
- Break-even
- 73.5 days
Slippage unknown: Bitget: live order book, 2 min ago; Injective: 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 Bitget live order book, 2 min ago | 18.82 bp | 33.3 bp −$33 | 47.6 bp −$476 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 79.560 | −0.251% | $259K | $2.0M | 25x | as long as short |
| Bitget PDDUSDTlong | 0.0000% | 8h | 79.760 | long leg | $1.3M | $200K | 20x | |
| Injective PDD/USDC PERPshort | +0.0033% | 1h | 79.270 | −0.614% | $11K | $8K | 12x | |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.410 | −0.439% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.680 | −0.100% | $32K | $2.7M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.610 | −0.188% | $7K | $301K | 20x | as long as short |
| Gate PDD_USDT | +0.0184% | 8h | 79.520 | −0.301% | $487K | $36K | 20x | as long as short |
| edgeX PDDUSDC | +0.0583% | 4h | 79.744 | −0.020% | $161K | $224K | 10x | as long as short |
| Binance PDDUSDT | +0.0950% | 8h | 79.738 | −0.028% | $1.4M | $988K | 20x | as long as short |
Bybit PDDUSDT
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Gate PDD_USDT
edgeX PDDUSDC
Binance PDDUSDT