Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Bitget against Extended+0.087%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Bitget is 0.087% dearer against Extended than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PDD_24_5-USD | 80.080 | 0.0040 | pay 0.0005% / 1h | 48m 38s | $3K | — | 5x |
| Short | Bitget PDDUSDT | 80.150 | 0 | get 0.0000% / 8h | 4h 48m | $1.3M | $198K | 20x |
Extended PDD_24_5-USD
Bitget PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- −$8.4
- Price spread: +0.087% → 0.000%
- $8.74
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$16.66
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 3 min ago | 15.59 bp | 59.7 bp −$60 | 72.4 bp −$724 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX PDDUSDC | −0.0794% | 4h | 80.327 | +0.309% | $162K | $223K | 10x | as long as short |
| Bybit PDDUSDT | 0.0000% | 8h | 80.170 | +0.112% | $257K | $2.0M | 25x | as long as short |
| Bitget PDDUSDTshort | 0.0000% | 8h | 80.150 | +0.087% | $1.3M | $198K | 20x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −1.011% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USDlong | +0.0040% | 1h | 80.080 | long leg | $3K | — | 5x | |
| KuCoin PDDUSDTM | +0.0100% | 8h | 80.340 | +0.325% | $31K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 80.120 | +0.050% | $7K | $304K | 20x | as long as short |
| Binance PDDUSDT | +0.0181% | 8h | 80.391 | +0.388% | $1.4M | $961K | 20x | as long as short |
| Gate PDD_USDT | +0.0366% | 8h | 80.120 | +0.050% | $489K | $36K | 20x | as long as short |
edgeX PDDUSDC
Bybit PDDUSDT
Injective PDD/USDC PERP
KuCoin PDDUSDTM
HTX PDD-USDT
Binance PDDUSDT
Gate PDD_USDT