Funding you earn now, next payment 08:00 UTC+0.1077%/8h= +117.9% APRpaid last 24h +0.028%
Price spread now: Binance against edgeX+0.011%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$990.990% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.011%, 7d avg +0.031%
=Together, before fees+0.185%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$32 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% 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 | edgeX PDDUSDC | 80.111 | −0.0285 | get 0.0142% / 4h | 2h 59m | $162K | $225K | 10x |
| Short | Binance PDDUSDT | 80.120 | 0.0792 | get 0.0792% / 8h | 2h 59m | $1.4M | $988K | 20x |
edgeX PDDUSDC
Binance PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- $226.1
- Price spread: +0.011% → +0.031%
- −$1.95
- Slippage, 4 orders
- −$79.99
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $125.16
- Costs to cover
- 0.990%
- Break-even
- 3.1 days
Slippage from edgeX: live order book, 52 min ago; Binance: live order book, 3 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 edgeX live order book, 52 min ago | 9.99 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.62 bp | 20.2 bp −$20 | 82.2 bp −$822 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PDDUSDClong | −0.0285% | 4h | 80.111 | long leg | $162K | $225K | 10x | |
| Bybit PDDUSDT | 0.0000% | 8h | 79.990 | −0.151% | $260K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.960 | −0.188% | $1.3M | $198K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −1.050% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.875 | −0.295% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.970 | −0.176% | $31K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.980 | −0.164% | $7K | $303K | 20x | as long as short |
| Gate PDD_USDT | +0.0288% | 8h | 79.970 | −0.176% | $488K | $35K | 20x | as long as short |
| Binance PDDUSDTshort | +0.0792% | 8h | 80.120 | +0.011% | $1.4M | $988K | 20x |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Gate PDD_USDT