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Funding arb · Price arb /

PDD

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%
Price spread now: Extended against Gate−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GateShort on Extended
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
Funding pays, the price is against you. Extended is 0.063% cheaper against Gate than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.2 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PDD_USDT79.5800get 0.0000% / 8h41m 17s$499K$39K20x
ShortExtended PDD_24_5-USD79.5300.0040get 0.0005% / 1h41m 17s$3K—5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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: −0.063% → 0.000%
−$6.28
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$17.88
Costs to cover
0.200%
Break-even
21.9 days
Slippage unknown: Gate: live order book, 60 min ago; Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 60 min ago16.33 bp26.3 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample—————
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
Bybit PDDUSDT0.0000%8h79.500−0.101%$263K$2.0M25xas long as short
Gate PDD_USDTlong0.0000%8h79.580long leg$499K$39K20x
Bitget PDDUSDT0.0000%8h79.620+0.050%$1.3M$220K20xas long as short
Injective PDD/USDC PERP+0.0033%1h79.270−0.390%$11K$8K12xas long as short
Extended PDD_24_5-USDshort+0.0040%1h79.530−0.063%$3K—5x
KuCoin PDDUSDTM+0.0100%8h79.540−0.050%$31K$2.7M20xas long as short
HTX PDD-USDT+0.0100%8h79.610+0.038%$7K$300K20xas long as short
edgeX PDDUSDC+0.0356%4h79.640+0.075%$161K$222K10xas long as short
Binance PDDUSDT+0.0910%8h79.663+0.104%$1.4M$1.0M20xas long as short