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

PDD

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Bybit+0.151%7-day average +0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on HTX
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)−0.040%−$4 · spread now +0.151%, 7d avg +0.080%
Together, before fees+0.170%+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.080%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PDDUSDT79.5600get 0.0000% / 8h2h 11m$259K$2.0M25x
ShortHTX PDD-USDT79.6800.0100get 0.0100% / 8h2h 11m$7K$301K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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: +0.151% → +0.080%
$7.07
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
$5.07
Costs to cover
0.230%
Break-even
5.3 days
Slippage unknown: Bybit: live order book, 5 min ago; HTX: live order book, 36 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 Bybit live order book, 5 min ago12.56 bp56.3 bp −$56244.5 bp −$2,445doesn't fitdoesn't fit
Sell HTX live order book, 36 min ago41.26 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
Bybit PDDUSDTlong0.0000%8h79.560long leg$259K$2.0M25x
Bitget PDDUSDT0.0000%8h79.760+0.251%$1.3M$200K20xas long as short
Injective PDD/USDC PERP+0.0033%1h79.270−0.365%$11K$8K12xas long as short
Extended PDD_24_5-USD+0.0040%1h79.595+0.044%$3K—5xas long as short
KuCoin PDDUSDTM+0.0100%8h79.630+0.088%$32K$2.7M20xas long as short
HTX PDD-USDTshort+0.0100%8h79.680+0.151%$7K$301K20x
Gate PDD_USDT+0.0153%8h79.600+0.050%$488K$36K20xas long as short
edgeX PDDUSDC+0.0382%4h79.597+0.047%$161K$223K10xas long as short
Binance PDDUSDT+0.0963%8h79.650+0.113%$1.4M$995K20xas long as short