Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Gate against Extended+0.063%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 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. Gate is 0.063% dearer against Extended than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PDD_24_5-USD | 79.530 | 0.0040 | pay 0.0005% / 1h | 41m 20s | $3K | — | 5x |
| Short | Gate PDD_USDT | 79.580 | 0 | get 0.0000% / 8h | 41m 20s | $499K | $39K | 20x |
Extended PDD_24_5-USD
Gate PDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.063% → 0.000%
- $6.29
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$22.11
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Gate: live order book, 60 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 Gate live order book, 60 min ago | 16.33 bp | 83.5 bp −$83 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PDDUSDT | 0.0000% | 8h | 79.500 | −0.038% | $263K | $2.0M | 25x | as long as short |
| Gate PDD_USDTshort | 0.0000% | 8h | 79.580 | +0.063% | $499K | $39K | 20x | |
| Bitget PDDUSDT | 0.0000% | 8h | 79.620 | +0.113% | $1.3M | $220K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.327% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USDlong | +0.0040% | 1h | 79.530 | long leg | $3K | — | 5x | |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.540 | +0.013% | $31K | $2.7M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.770 | +0.302% | $7K | $300K | 20x | as long as short |
| edgeX PDDUSDC | +0.0356% | 4h | 79.640 | +0.138% | $161K | $222K | 10x | as long as short |
| Binance PDDUSDT | +0.0910% | 8h | 79.662 | +0.165% | $1.4M | $1.0M | 20x | as long as short |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
KuCoin PDDUSDTM
HTX PDD-USDT
edgeX PDDUSDC
Binance PDDUSDT