Funding you earn now, next payment 12:00 UTC−0.0534%/8h= −58.5% APRpaid last 24h +0.010%
Price spread now: KuCoin against edgeX−0.050%7-day average −0.274% · you buy dearer than you sell
Net, funding: paid 7d − costs−$741as in the Funding arb table
Net, price: spread back to 7d avg − costs−$729as in the Price arb table
costs, in and out, $10k−$7527.518% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.050%, 7d avg −0.274%
=Together, before fees+0.066%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.225% dearer against edgeX than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.274%): +$22 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 34 hours. 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PDDUSDC | 79.820 | 0.0634 | pay 0.0317% / 4h | 3h 42m | $161K | $224K | 10x |
| Short | KuCoin PDDUSDTM | 79.780 | 0.0100 | get 0.0100% / 8h | 7h 42m | $31K | $2.7M | 20x |
edgeX PDDUSDC
KuCoin PDDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$112.25
- Price spread: −0.050% → −0.274%
- $22.46
- Slippage, 4 orders
- −$730.78
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$841.57
- Costs to cover
- 7.518%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 54 min ago; KuCoin: live order book, 4 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, 54 min ago | 2.51 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 9.40 bp | 402.9 bp −$403 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PDDUSDT | 0.0000% | 8h | 79.730 | −0.113% | $264K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.780 | −0.050% | $500K | $38K | 20x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.790 | −0.037% | $1.4M | $219K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.689% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.690 | −0.163% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMshort | +0.0100% | 8h | 79.780 | −0.050% | $31K | $2.7M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 79.690 | −0.163% | $7K | $300K | 20x | as long as short |
| Binance PDDUSDT | +0.0629% | 8h | 79.833 | +0.017% | $1.4M | $1.1M | 20x | as long as short |
| edgeX PDDUSDClong | +0.0634% | 4h | 79.820 | long leg | $161K | $224K | 10x |
Bybit PDDUSDT
Gate PDD_USDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Binance PDDUSDT