Funding you earn now, next payment 09:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Injective against Extended−0.604%100s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.604% cheaper against Extended than usual: you would sell low and buy high, −$60 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PDD_24_5-USD | 79.751 | 0.0040 | pay 0.0005% / 1h | 3m 37s | $3K | — | 5x |
| Short | Injective PDD/USDC PERP | 79.270 | 0.0033 | get 0.0004% / 1h | 3m 37s | $11K | $8K | 12x |
Extended PDD_24_5-USD
Injective PDD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1.4
- Price spread: −0.604% → 0.000%
- −$60.36
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$66.78
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Extended and Injective: 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 | 79.800 | +0.061% | $265K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.780 | +0.036% | $500K | $38K | 20x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.810 | +0.073% | $1.4M | $219K | 20x | as long as short |
| Injective PDD/USDC PERPshort | +0.0033% | 1h | 79.270 | −0.604% | $11K | $8K | 12x | |
| Extended PDD_24_5-USDlong | +0.0040% | 1h | 79.751 | long leg | $3K | — | 5x | |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.800 | +0.061% | $30K | $2.7M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.620 | −0.165% | $7K | $300K | 20x | as long as short |
| edgeX PDDUSDC | +0.0390% | 4h | 79.791 | +0.049% | $161K | $223K | 10x | as long as short |
| Binance PDDUSDT | +0.0432% | 8h | 79.844 | +0.117% | $1.4M | $1.0M | 20x | as long as short |
Bybit PDDUSDT
Gate PDD_USDT
Bitget PDDUSDT
KuCoin PDDUSDTM
HTX PDD-USDT
edgeX PDDUSDC
Binance PDDUSDT