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: KuCoin against Bybit+0.088%7-day average −0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$865as in the Funding arb table
Net, price: spread back to 7d avg − costs−$866as in the Price arb table
costs, in and out, $10k−$8868.859% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.088%, 7d avg −0.112%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.200% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.112%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PDDUSDT | 79.560 | 0 | get 0.0000% / 8h | 2h 11m | $259K | $2.0M | 25x |
| Short | KuCoin PDDUSDTM | 79.630 | 0.0100 | get 0.0100% / 8h | 2h 11m | $32K | $2.7M | 20x |
Bybit PDDUSDT
KuCoin PDDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.088% → −0.112%
- $19.95
- Slippage, 4 orders
- −$862.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$844.9
- Costs to cover
- 8.859%
- Break-even
- 288.6 days
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago | 12.56 bp | 56.3 bp −$56 | 244.5 bp −$2,445 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 10.04 bp | 322.6 bp −$323 | 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 | 79.560 | long leg | $259K | $2.0M | 25x | |
| Bitget PDDUSDT | 0.0000% | 8h | 79.760 | +0.251% | $1.3M | $200K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.365% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.595 | +0.044% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMshort | +0.0100% | 8h | 79.630 | +0.088% | $32K | $2.7M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 79.680 | +0.151% | $7K | $301K | 20x | as long as short |
| Gate PDD_USDT | +0.0153% | 8h | 79.600 | +0.050% | $488K | $36K | 20x | as long as short |
| edgeX PDDUSDC | +0.0382% | 4h | 79.597 | +0.047% | $161K | $223K | 10x | as long as short |
| Binance PDDUSDT | +0.0963% | 8h | 79.650 | +0.113% | $1.4M | $995K | 20x | as long as short |
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Gate PDD_USDT
edgeX PDDUSDC
Binance PDDUSDT