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: KuCoin against Bitget+0.063%7-day average −0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$744as in the Funding arb table
Net, price: spread back to 7d avg − costs−$744as in the Price arb table
costs, in and out, $10k−$7657.653% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 7 days−0.077%−$8 · spread now +0.063%, 7d avg −0.154%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.217% dearer against Bitget than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.154%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PDDUSDT | 79.730 | 0 | get 0.0000% / 8h | 7h 38m | $1.4M | $219K | 20x |
| Short | KuCoin PDDUSDTM | 79.780 | 0.0100 | get 0.0100% / 8h | 7h 38m | $31K | $2.7M | 20x |
Bitget PDDUSDT
KuCoin PDDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.063% → −0.154%
- $21.71
- Slippage, 4 orders
- −$741.26
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$722.55
- Costs to cover
- 7.653%
- Break-even
- 247.8 days
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago | 17.55 bp | 34.4 bp −$34 | 41.8 bp −$418 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 9.40 bp | 402.9 bp −$403 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PDDUSDC | −0.0672% | 4h | 79.775 | +0.057% | $161K | $223K | 10x | as long as short |
| Bybit PDDUSDT | 0.0000% | 8h | 79.730 | 0.000% | $264K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.710 | −0.025% | $499K | $38K | 20x | as long as short |
| Bitget PDDUSDTlong | 0.0000% | 8h | 79.730 | long leg | $1.4M | $219K | 20x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.577% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.690 | −0.050% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMshort | +0.0100% | 8h | 79.780 | +0.063% | $31K | $2.7M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 79.670 | −0.075% | $7K | $300K | 20x | as long as short |
| Binance PDDUSDT | +0.0600% | 8h | 79.810 | +0.100% | $1.4M | $1.1M | 20x | as long as short |
edgeX PDDUSDC
Bybit PDDUSDT
Gate PDD_USDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Binance PDDUSDT