Funding you earn now, next payment 12:00 UTC+0.0674%/8h= +73.8% APRpaid last 24h −0.020%
Price spread now: Bybit against edgeX−0.025%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2462.461% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.025%, 7d avg −0.101%
=Together, before fees+0.015%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.076% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.101%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% 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 | 79.790 | −0.0674 | get 0.0337% / 4h | 3h 09m | $161K | $223K | 10x |
| Short | Bybit PDDUSDT | 79.770 | 0 | get 0.0000% / 8h | 7h 09m | $265K | $2.0M | 25x |
edgeX PDDUSDC
Bybit PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $141.59
- Price spread: −0.025% → −0.101%
- $7.58
- Slippage, 4 orders
- −$226.13
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.97
- Costs to cover
- 2.461%
- Break-even
- 11.8 days
Slippage from edgeX: live order book, 23 min ago; Bybit: 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, 23 min ago | 9.41 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 8.77 bp | 101.8 bp −$102 | 220.8 bp −$2,208 | 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 | −0.0674% | 4h | 79.790 | long leg | $161K | $223K | 10x | |
| Bybit PDDUSDTshort | 0.0000% | 8h | 79.770 | −0.025% | $265K | $2.0M | 25x | |
| Gate PDD_USDT | 0.0000% | 8h | 79.700 | −0.113% | $499K | $38K | 20x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.700 | −0.113% | $1.3M | $219K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.652% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.700 | −0.112% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.800 | +0.013% | $30K | $2.7M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.570 | −0.276% | $7K | $300K | 20x | as long as short |
| Binance PDDUSDT | +0.0460% | 8h | 79.799 | +0.012% | $1.4M | $1.0M | 20x | as long as short |
Gate PDD_USDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Binance PDDUSDT