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

PDD

RWAAll PDD markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitPDDUSDT
83.72000.0000% / 8h6h 04m$572K$197K25xLong Bybit
SHORT
MEXCPDDSTOCK_USDT
83.660+0.0483get 0.0483% / 8h6h 04m$375K$134K100xShort MEXC
Price gap−0.072%
Funding gap+0.0483% /8h

Funding pays +$14 a day on $10k, but the gap is 0.048% under its 7d average: −$5 if it goes back, about 8 hours of funding. At the last 7 days' pace that is about 4.1 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$8+0.0483% /8h now · paid +0.082% over the last 7D
Price−$5spread −0.072% now, avg −0.024% → −0.048% if it goes back
Costs−$1951.953% of $10k · taker + slippage, in and out
Result−$192−1.92%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.082% in total, about +0.0039%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.072%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PDD on 12 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size56.8 / 39.8 bp
    At $10k entering Bybit costs 56.8 bp, fee and slippage, 1.4× MEXC’s.
  • Note: Margin at max leverage$400 + $100
    Bybit 25x, MEXC 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$14.49Long Bybit: 3 payments, $0.00; short MEXC: 3 payments, +$14.49.
  • Watch: Gap narrower than usual−0.072% vs −0.024%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$375K vs $572K OI
    MEXC sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · MEXC Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0039%/8h × 21 periods+$8.24
Price spread−0.072% → −0.024% (7d avg)−$4.80
Slippage, 4 orderslive order books−$180.31
Fee Bybit bp × 2 orders−$11.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$191.87
Costs to cover1.953%Break-even170.0 days
Slippage: Bybit: live order book, 23 min ago; MEXC: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit6.0056.8 bp−$57doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC26.3839.8 bp−$40164.1 bp−$1,641223.6 bp−$22.4Kdoesn’t fit

Closing costs about the same again.

Alert

PDD news

posts that mention PDD or PDD Holdings, from every exchange
11-03 01:05edgeXListingPDDUSDC no longer reported ($PDD) seen by our collector
10-30 08:29OKXListingnew market PDD-USDT-SWAP ($PDD) seen by our collector
09-28 16:43AvantisOther2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:14AvantisListingnew market PDD/USD ($PDD) seen by our collector