PDD

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	InjectivePDD/USDC PERP	77.574	+0.0033	pay 0.0004% / 1h	51m 55s	$11K	$36K	10x	Long Injective
SHORT	BingXNCSKPDD2USD-USDT	77.710	+0.0060	get 0.0060% / 8h	1h 51m	$902K	$1.2M	—	Short BingX

Price gap+0.175%87s

Funding gap+0.0027% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.175% above zero (no 7-day history yet): +$18 more if it goes back.

The two prices were read 87 s apart: part of this gap may be the market moving.

If you open now and hold

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

Funding+$34+0.0027% /8h now · paid +0.343% over the last 7D

Price—spread +0.175%87s now · prices read too far apart to compare

Costsno datano order book for Injective

Result, before costs—no pointsneeds both prices read together

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.175%

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 11 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

Note: Order book unknown—
No order-book sample for Injective: its slippage is not counted.
Note: Margin at max leverage$1,000 + —
Injective 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.80Long Injective: 24 payments, −$1.00; short BingX: 3 payments, +$1.80.
Watch: Prices read 87 s apart+0.175% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$11K vs $902K OI
Injective sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCInjective No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0163%/8h × 21 periods+$34.29

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Injective—

Fee Injective bp × 2 orders−$0.02

Fee BingX bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$24.27

price spread not counted: prices read too far apart

Costs to cover0.100%Break-even2.0 days

Slippage: Injective: no order-book sample; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGInjective—————

SELL · SHORTBingX3.8717.4 bp−$1759.7 bp−$597200.5 bp−$20.0K697.9 bp−$348.9K

Closing costs about the same again.
Injective: no data.

PDD news

posts that mention PDD or PDD Holdings, from every exchangeSearch all news →

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

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