Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.69 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.151%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2252.253% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.151%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.159% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PDDUSDT | 79.440 | 0 | get 0.0000% / 8h | 1h 35m | $263K | $2.0M | 25x |
| Short | Gate PDD_USDT | 79.560 | 0.0069 | get 0.0069% / 8h | 1h 35m | $499K | $39K | 20x |
Bybit PDDUSDT
Gate PDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $14.49
- Price spread: +0.151% → −0.008%
- $15.9
- Slippage, 4 orders
- −$199.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$194.88
- Costs to cover
- 2.253%
- Break-even
- 101.1 days
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 5 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, 1 min ago | 9.43 bp | 58.5 bp −$58 | 231.7 bp −$2,317 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 16.33 bp | 83.5 bp −$83 | 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 | 79.440 | long leg | $263K | $2.0M | 25x | |
| Bitget PDDUSDT | 0.0000% | 8h | 79.680 | +0.302% | $1.3M | $206K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.214% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.420 | −0.025% | $3K | — | 5x | as long as short |
| Gate PDD_USDTshort | +0.0069% | 8h | 79.560 | +0.151% | $499K | $39K | 20x | |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.690 | +0.315% | $31K | $2.7M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.660 | +0.277% | $7K | $301K | 20x | as long as short |
| edgeX PDDUSDC | +0.0780% | 4h | 79.655 | +0.270% | $161K | $224K | 10x | as long as short |
| Binance PDDUSDT | +0.0984% | 8h | 79.682 | +0.305% | $1.4M | $1.0M | 20x | as long as short |
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
edgeX PDDUSDC
Binance PDDUSDT