Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%
Price spread now: Binance against Gate+0.239%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1661.659% of the position
Funding, last 7 days+0.235%+$24 on $10k
+Price spread, last 2 days (all we have)−0.163%−$16 · spread now +0.239%, 7d avg +0.120%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.119% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PDD_USDT | 79.570 | 0 | get 0.0000% / 8h | 6h 27m | $484K | $36K | 20x |
| Short | Binance PDDUSDT | 79.760 | 0 | get 0.0000% / 8h | 6h 27m | $1.4M | $947K | 20x |
Gate PDD_USDT
Binance PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $0
- Price spread: +0.239% → +0.120%
- $11.88
- Slippage, 4 orders
- −$140.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$154
- Costs to cover
- 1.659%
- Break-even
- never at this rate
Slippage from Gate: live order book, 38 min ago; Binance: live order book, 5 min ago.
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 Gate live order book, 38 min ago | 12.57 bp | 42.4 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.88 bp | 17.7 bp −$18 | 58.4 bp −$584 | doesn't fit | doesn't fit |
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 | −0.0080% | 4h | 79.693 | +0.154% | $161K | $223K | 10x | as long as short |
| Binance PDDUSDTshort | 0.0000% | 8h | 79.760 | +0.239% | $1.4M | $947K | 20x | |
| Bybit PDDUSDT | 0.0000% | 8h | 79.610 | +0.050% | $254K | $2.0M | 25x | as long as short |
| Gate PDD_USDTlong | 0.0000% | 8h | 79.570 | long leg | $484K | $36K | 20x | |
| Bitget PDDUSDT | 0.0000% | 8h | 79.660 | +0.113% | $1.3M | $199K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.377% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.700 | +0.163% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.680 | +0.138% | $32K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.510 | −0.075% | $7K | $306K | 20x | as long as short |
edgeX PDDUSDC
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT