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

PDD

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0534%/8h= −58.5% APRpaid last 24h +0.010%
Price spread now: HTX against edgeX−0.163%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.107%+$11 on $10k
Price spread, last 4 days (all we have)+0.481%+$48 · spread now −0.163%, 7d avg −0.026%
Together, before fees+0.588%+ Points / potential airdropedgeX: Active · farm board+$59 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and HTX is 0.137% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX PDDUSDC79.8200.0634pay 0.0317% / 4h3h 43m$161K$224K10x
ShortHTX PDD-USDT79.6900.0100get 0.0100% / 8h7h 43m$7K$300K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$112.25
Price spread: −0.163% → −0.026%
−$13.69
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$146.93
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 54 min ago; HTX: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 54 min ago2.51 bp21.4 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 54 min ago45.81 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PDD on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PDDUSDT0.0000%8h79.730−0.113%$264K$2.0M25xas long as short
Gate PDD_USDT0.0000%8h79.780−0.050%$500K$38K20xas long as short
Bitget PDDUSDT0.0000%8h79.800−0.025%$1.4M$219K20xas long as short
Injective PDD/USDC PERP+0.0033%1h79.270−0.689%$11K$8K12xas long as short
Extended PDD_24_5-USD+0.0040%1h79.690−0.163%$3K5xas long as short
KuCoin PDDUSDTM+0.0100%8h79.780−0.050%$31K$2.7M20xas long as short
HTX PDD-USDTshort+0.0100%8h79.690−0.163%$7K$300K20x
Binance PDDUSDT+0.0629%8h79.833+0.017%$1.4M$1.1M20xas long as short
edgeX PDDUSDClong+0.0634%4h79.820long leg$161K$224K10x