Funding you earn now, next payment 08:00 UTC+0.0582%/8h= +63.7% APRpaid last 24h −0.102%
Price spread now: Gate against edgeX−0.139%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2722.717% of the position
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.139%, 7d avg −0.110%
=Together, before fees+0.036%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.029% cheaper against edgeX than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.110%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.095%, 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 -0.095% in total (about -5.0% 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 57m | $162K | $225K | 10x |
| Short | Gate PDD_USDT | 80.000 | 0.0297 | get 0.0297% / 8h | 2h 57m | $488K | $35K | 20x |
edgeX PDDUSDC
Gate PDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $122.17
- Price spread: −0.139% → −0.110%
- −$2.86
- Slippage, 4 orders
- −$247.71
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$152.4
- Costs to cover
- 2.717%
- Break-even
- 15.7 days
Slippage from edgeX: live order book, 55 min ago; Gate: live order book, 54 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, 55 min ago | 9.99 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 54 min ago | 31.26 bp | 161.0 bp −$161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PDDUSDClong | −0.0285% | 4h | 80.111 | long leg | $162K | $225K | 10x | |
| Bybit PDDUSDT | 0.0000% | 8h | 79.940 | −0.213% | $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 | 79.870 | −0.301% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.920 | −0.238% | $31K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 80.090 | −0.026% | $7K | $303K | 20x | as long as short |
| Gate PDD_USDTshort | +0.0297% | 8h | 80.000 | −0.139% | $488K | $35K | 20x | |
| Binance PDDUSDT | +0.0802% | 8h | 80.076 | −0.043% | $1.4M | $989K | 20x | as long as short |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Binance PDDUSDT