Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate+0.013%7-day average −0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$740as in the Funding arb table
Net, price: spread back to 7d avg − costs−$738as in the Price arb table
costs, in and out, $10k−$7567.559% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.013%, 7d avg −0.168%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.180% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.168%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PDD_USDT | 79.820 | 0 | get 0.0000% / 8h | 6h 58m | $498K | $36K | 20x |
| Short | KuCoin PDDUSDTM | 79.830 | 0.0100 | get 0.0100% / 8h | 6h 58m | $30K | $2.7M | 20x |
Gate PDD_USDT
KuCoin PDDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.013% → −0.168%
- $18.02
- Slippage, 4 orders
- −$728.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$716.84
- Costs to cover
- 7.559%
- Break-even
- 245.9 days
Slippage from Gate: live order book, 33 min ago; KuCoin: live order book, 9 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, 33 min ago | 18.84 bp | 89.9 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 4.39 bp | 322.9 bp −$323 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PDDUSDT | 0.0000% | 8h | 79.790 | −0.038% | $265K | $2.0M | 25x | as long as short |
| Gate PDD_USDTlong | 0.0000% | 8h | 79.820 | long leg | $498K | $36K | 20x | |
| Bitget PDDUSDT | 0.0000% | 8h | 79.820 | 0.000% | $1.4M | $218K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.689% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.783 | −0.046% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMshort | +0.0100% | 8h | 79.830 | +0.013% | $30K | $2.7M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 79.910 | +0.113% | $7K | $300K | 20x | as long as short |
| Binance PDDUSDT | +0.0414% | 8h | 79.870 | +0.062% | $1.4M | $1.0M | 20x | as long as short |
| edgeX PDDUSDC | +0.0829% | 4h | 79.830 | +0.013% | $161K | $224K | 10x | as long as short |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Binance PDDUSDT
edgeX PDDUSDC