PDD

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GatePDD_USDT	83.720	0	0.0000% / 8h	6h 04m	$323K	$82K	20x	Long Gate
SHORT	OKXPDD-USDT-SWAP	83.882	+0.0417	get 0.0417% / 8h	6h 04m	$278K	$1.2M	20x	Short OKX

Price gap+0.194%

Funding gap+0.0417% /8h

Both sides work: funding pays +$13 a day on $10k, and the gap is 0.084% above its 7d average: +$8 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$13+0.0417% /8h now · paid +0.129% over the last 7D

Price+$8spread +0.194% now, avg +0.109% → +0.084% if it goes back

Costs−$1731.726% of $10k · taker + slippage, in and out

Result−$151−1.51%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.129% in total, about +0.0062%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.194%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PDD on 12 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size26.4 / 45.2 bp
At $10k entering OKX costs 45.2 bp, fee and slippage, 1.7× Gate’s.
Note: Margin at max leverage$500 + $500
Gate 20x, OKX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$12.52Long Gate: 3 payments, $0.00; short OKX: 3 payments, +$12.52.
OK: Entry gap works for you+0.194% vs +0.109%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$278K vs $323K OI
OKX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCGate Yes · OKX Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0062%/8h × 21 periods+$12.92

Price spread+0.194% → +0.109% (7d avg)+$8.45

Slippage, 4 orderslive order books−$147.56

Fee Gate bp × 2 orders−$15.00

Fee OKX bp × 2 orders−$10.00

Net · 7 days · $10k−$151.19

Costs to cover1.726%Break-even88.9 days

Slippage: Gate: live order book, 29 min ago; OKX: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate15.6026.4 bp−$26doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTOKX6.4645.2 bp−$45235.9 bp−$2,359doesn’t fitdoesn’t fit

Closing costs about the same again.

PDD news

posts that mention PDD or PDD Holdings, from every exchange

11-03 01:05	edgeX	Listing	PDDUSDC no longer reported ($PDD) seen by our collector
10-30 08:29	OKX	Listing	new market PDD-USDT-SWAP ($PDD) seen by our collector
09-28 16:43	Avantis	Other	2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:14	Avantis	Listing	new market PDD/USD ($PDD) seen by our collector

PDD