Funding you earn now, next payment 08:00 UTC+0.0752%/8h= +82.4% APRpaid last 24h +0.102%
Price spread now: edgeX against Bybit−0.044%51s7-day average +0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as 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−$1611.606% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)−0.165%−$16 · spread now −0.044%, 7d avg +0.102%
=Together, before fees−0.015%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.147% cheaper against Bybit than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.102%). If the spread goes back, that is −$15 on $10k: about 16 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.150% in total) that is about 6.9 days. The two prices were read 51 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 0.150% in total (about 7.8% 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 | Bybit PDDUSDT | 79.660 | 0 | get 0.0000% / 8h | 22m 42s | $264K | $2.0M | 25x |
| Short | edgeX PDDUSDC | 79.625 | 0.0752 | get 0.0376% / 4h | 22m 42s | $161K | $223K | 10x |
Bybit PDDUSDT
edgeX PDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- $157.95
- Price spread: −0.044% → +0.102%
- −$14.67
- Slippage, 4 orders
- −$140.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$17.27
- Costs to cover
- 1.606%
- Break-even
- 7.8 days
Slippage from Bybit: live order book, 9 min ago; edgeX: live order book, 14 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 Bybit live order book, 9 min ago | 14.46 bp | 53.1 bp −$53 | 207.1 bp −$2,071 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 14 min ago | 2.51 bp | 23.7 bp −$24 | 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 PDDUSDTlong | 0.0000% | 8h | 79.660 | long leg | $264K | $2.0M | 25x | |
| Gate PDD_USDT | 0.0000% | 8h | 79.630 | −0.038% | $499K | $39K | 20x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.640 | −0.025% | $1.3M | $220K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.490% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.595 | −0.082% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.660 | 0.000% | $31K | $2.6M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.580 | −0.100% | $7K | $299K | 20x | as long as short |
| edgeX PDDUSDCshort | +0.0752% | 4h | 79.625 | −0.044% | $161K | $223K | 10x | |
| Binance PDDUSDT | +0.0827% | 8h | 79.626 | −0.042% | $1.4M | $1.1M | 20x | as long as short |
Gate PDD_USDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Binance PDDUSDT