Funding you earn now, next payment 08:00 UTC+0.0430%/8h= +47.0% APRnext payment +$4.30 per $10,000 · paid last 24h +0.099%
Price spread now: Binance against HTX+0.300%7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)−0.389%−$39 · spread now +0.300%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.247% dearer against HTX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.053%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.30 per $10,000. 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 | HTX PDD-USDT | 79.920 | 0.0100 | pay 0.0100% / 8h | 3h 56m | $7K | $305K | 20x |
| Short | Binance PDDUSDT | 80.160 | 0.0530 | get 0.0530% / 8h | 3h 56m | $1.4M | $978K | 20x |
HTX PDD-USDT
Binance PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. 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
- $90.2
- Price spread: +0.300% → +0.053%
- $24.72
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $92.92
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: HTX: live order book, 60 min ago; Binance: live order book, 6 min ago. Net counts fees only.
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 HTX live order book, 60 min ago | 99.68 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.25 bp | 24.1 bp −$24 | 90.2 bp −$902 | 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 | 79.960 | +0.050% | $258K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 80.020 | +0.125% | $1.3M | $198K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.813% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.855 | −0.081% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 80.030 | +0.138% | $31K | $2.8M | 20x | as long as short |
| HTX PDD-USDTlong | +0.0100% | 8h | 79.920 | long leg | $7K | $305K | 20x | |
| Gate PDD_USDT | +0.0286% | 8h | 79.990 | +0.088% | $488K | $37K | 20x | as long as short |
| Binance PDDUSDTshort | +0.0530% | 8h | 80.160 | +0.300% | $1.4M | $978K | 20x | |
| edgeX PDDUSDC | +0.0996% | 4h | 80.196 | +0.345% | $162K | $223K | 10x | as long as short |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
Gate PDD_USDT
edgeX PDDUSDC