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Funding arb · Price arb /

PDD

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.117%
Price spread now: Binance against Extended+0.185%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Binance
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Binance is 0.185% dearer against Extended than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PDD_24_5-USD79.7600.0040pay 0.0005% / 1h23m 28s$3K—5x
ShortBinance PDDUSDT79.9080get 0.0000% / 8h6h 23m$1.4M$949K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$8.4
Price spread: +0.185% → 0.000%
$18.52
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$4.88
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Binance: live order book, 9 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 Extended no order-book sample—————
Sell Binance live order book, 9 min ago1.88 bp17.7 bp −$1858.4 bp −$584doesn't fitdoesn't fit
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
edgeX PDDUSDC−0.0364%4h79.736−0.030%$161K$223K10xas long as short
Binance PDDUSDTshort0.0000%8h79.908+0.185%$1.4M$949K20x
Bybit PDDUSDT0.0000%8h79.810+0.063%$255K$2.0M25xas long as short
Gate PDD_USDT0.0000%8h79.800+0.050%$485K$37K20xas long as short
Bitget PDDUSDT0.0000%8h79.690−0.088%$1.3M$199K20xas long as short
Injective PDD/USDC PERP+0.0033%1h79.270−0.614%$11K$8K12xas long as short
Extended PDD_24_5-USDlong+0.0040%1h79.760long leg$3K—5x
KuCoin PDDUSDTM+0.0100%8h79.800+0.050%$31K$2.8M20xas long as short
HTX PDD-USDT+0.0100%8h79.390−0.464%$7K$306K20xas long as short