Funding you earn now, next payment 04:00 UTC−0.0461%/8h= −50.5% APRpaid last 24h +0.162%
Price spread now: edgeX against Gate+0.265%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2592.586% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.265%, 7d avg +0.107%
=Together, before fees−0.091%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.158% dearer against Gate than usual: you sell high and buy low (spread +0.265% now, against its 7-day average of +0.107%): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.155%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PDD_USDT | 80.120 | 0.0377 | pay 0.0377% / 8h | 4h 45m | $489K | $36K | 20x |
| Short | edgeX PDDUSDC | 80.333 | −0.0084 | pay 0.0042% / 4h | 45m 07s | $162K | $224K | 10x |
Gate PDD_USDT
edgeX PDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$96.91
- Price spread: +0.265% → +0.107%
- $15.8
- Slippage, 4 orders
- −$234.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$339.74
- Costs to cover
- 2.586%
- Break-even
- never at this rate
Slippage from Gate: live order book, 11 min ago; edgeX: live order book, 12 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, 11 min ago | 26.85 bp | 105.5 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 12 min ago | 9.96 bp | 40.4 bp −$40 | doesn't fit | 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 PDDUSDCshort | −0.0084% | 4h | 80.333 | +0.265% | $162K | $224K | 10x | |
| Bybit PDDUSDT | 0.0000% | 8h | 80.170 | +0.062% | $257K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 80.150 | +0.037% | $1.3M | $198K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −1.061% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 80.085 | −0.044% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 80.330 | +0.262% | $31K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 80.100 | −0.025% | $7K | $305K | 20x | as long as short |
| Binance PDDUSDT | +0.0218% | 8h | 80.340 | +0.275% | $1.4M | $961K | 20x | as long as short |
| Gate PDD_USDTlong | +0.0377% | 8h | 80.120 | long leg | $489K | $36K | 20x |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
Binance PDDUSDT