Funding you earn now, next payment 00:00 UTC+0.0698%/8h= +76.5% APRpaid last 24h +0.036%
Price spread now: Bitget against edgeX+0.047%54s7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.047%, 7d avg −0.040%
=Together, before fees−0.077%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bitget is 0.087% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.040%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% 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 | 79.463 | −0.0698 | get 0.0349% / 4h | 1h 34m | $161K | $224K | 10x |
| Short | Bitget PDDUSDT | 79.500 | 0 | get 0.0000% / 8h | 1h 34m | $1.3M | $193K | 20x |
edgeX PDDUSDC
Bitget PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $146.63
- Price spread: +0.047% → −0.040%
- $8.71
- Slippage, 4 orders
- −$112.79
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $21.55
- Costs to cover
- 1.338%
- Break-even
- 6.0 days
Slippage from edgeX: live order book, 47 min ago; Bitget: live order book, 2 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, 47 min ago | 3.77 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 18.89 bp | 25.5 bp −$26 | 35.4 bp −$354 | 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 | −0.0698% | 4h | 79.463 | long leg | $161K | $224K | 10x | |
| Binance PDDUSDT | 0.0000% | 8h | 79.470 | +0.009% | $1.3M | $926K | 20x | as long as short |
| Bybit PDDUSDT | 0.0000% | 8h | 79.430 | −0.041% | $254K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.450 | −0.016% | $483K | $38K | 20x | as long as short |
| Bitget PDDUSDTshort | 0.0000% | 8h | 79.500 | +0.047% | $1.3M | $193K | 20x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.243% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.486 | +0.030% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.270 | −0.243% | $34K | $2.9M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.330 | −0.167% | $7K | $313K | 20x | as long as short |
Binance PDDUSDT
Bybit PDDUSDT
Gate PDD_USDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT