Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against HTX+0.063%56s7-day average −0.018% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.063%, 7d avg −0.018%
=The price spread pays, funding is against you. Bitget is 0.081% dearer against HTX than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.018%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PDD-USDT | 79.450 | 0.0100 | pay 0.0100% / 8h | 4m 26s | $7K | $310K | 20x |
| Short | Bitget PDDUSDT | 79.500 | 0 | get 0.0000% / 8h | 4m 26s | $1.3M | $195K | 20x |
HTX PDD-USDT
Bitget PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$21
- Price spread: +0.063% → −0.018%
- $8.1
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$36.9
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 8 min ago; Bitget: live order book, 2 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, 8 min ago | 43.37 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 10.05 bp | 16.4 bp −$16 | 52.9 bp −$529 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PDDUSDT | 0.0000% | 8h | 79.530 | +0.101% | $1.3M | $930K | 20x | as long as short |
| Bybit PDDUSDT | 0.0000% | 8h | 79.430 | −0.025% | $254K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.450 | 0.000% | $483K | $38K | 20x | as long as short |
| Bitget PDDUSDTshort | 0.0000% | 8h | 79.500 | +0.063% | $1.3M | $195K | 20x | |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.227% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.420 | −0.038% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.350 | −0.126% | $34K | $2.8M | 20x | as long as short |
| HTX PDD-USDTlong | +0.0100% | 8h | 79.450 | long leg | $7K | $310K | 20x | |
| edgeX PDDUSDC | +0.0738% | 4h | 79.503 | +0.066% | $161K | $224K | 10x | as long as short |
Binance PDDUSDT
Bybit PDDUSDT
Gate PDD_USDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
KuCoin PDDUSDTM
edgeX PDDUSDC