Settings8H · net · $10k
Funding arb · Price arb /

PDD

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h −0.088%
Price spread now: edgeX against HTX−0.149%77s7-day average +0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.157%−$16 on $10k
Price spread, last 3 days (all we have)+0.119%+$12 · spread now −0.149%, 7d avg +0.022%
Together, before fees−0.038%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.172% cheaper against HTX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of +0.022%). If the spread goes back, that is −$17 on $10k: about 32 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PDD-USDT79.7200.0100pay 0.0100% / 8h7h 08m$7K$306K20x
ShortedgeX PDDUSDC79.6010.0528get 0.0264% / 4h3h 08m$161K$223K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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
$89.97
Price spread: −0.149% → +0.022%
−$17.17
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$51.8
Costs to cover
0.210%
Break-even
3.0 days
Slippage unknown: HTX: live order book, 64 min ago; edgeX: live order book, 64 min ago. 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 HTX live order book, 64 min ago43.37 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 64 min ago1.89 bp23.5 bp −$24doesn't fitdoesn't fitdoesn't fit

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
Binance PDDUSDT0.0000%8h79.607−0.142%$1.3M$943K20xas long as short
Bybit PDDUSDT0.0000%8h79.440−0.351%$254K$2.0M25xas long as short
Gate PDD_USDT0.0000%8h79.560−0.201%$484K$37K20xas long as short
Bitget PDDUSDT0.0000%8h79.630−0.113%$1.3M$198K20xas long as short
Injective PDD/USDC PERP+0.0033%1h79.270−0.564%$11K$8K12xas long as short
Extended PDD_24_5-USD+0.0040%1h79.365−0.445%$3K5xas long as short
KuCoin PDDUSDTM+0.0100%8h79.580−0.176%$33K$2.8M20xas long as short
HTX PDD-USDTlong+0.0100%8h79.720long leg$7K$306K20x
edgeX PDDUSDCshort+0.0528%4h79.601−0.149%$161K$223K10x