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

PDD

RWAall PDD markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Bybit against Extended+0.100%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 Bybit
What this pair did over the last
the charts below follow
Funding, last 6 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. Bybit is 0.100% dearer against Extended than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PDD_24_5-USD79.8700.0040pay 0.0005% / 1h55m 29s$3K—5x
ShortBybit PDDUSDT79.9500get 0.0000% / 8h2h 55m$260K$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.100% → 0.000%
$10.02
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$14.38
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago11.88 bp80.4 bp −$80197.7 bp −$1,977doesn'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−0.0612%4h80.097+0.285%$162K$223K10xas long as short
Bybit PDDUSDTshort0.0000%8h79.950+0.100%$260K$2.0M25x
Bitget PDDUSDT0.0000%8h79.960+0.113%$1.3M$198K20xas long as short
Injective PDD/USDC PERP+0.0033%1h79.270−0.751%$11K$8K12xas long as short
Extended PDD_24_5-USDlong+0.0040%1h79.870long leg$3K—5x
KuCoin PDDUSDTM+0.0100%8h79.900+0.038%$31K$2.8M20xas long as short
HTX PDD-USDT+0.0100%8h79.950+0.100%$7K$302K20xas long as short
Gate PDD_USDT+0.0294%8h80.000+0.163%$488K$35K20xas long as short
Binance PDDUSDT+0.0810%8h80.130+0.326%$1.4M$989K20xas long as short