Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Bitget against Injective+0.265%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bitget is 0.265% dearer against Injective than usual: you sell high and buy low (spread +0.265% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. The two prices were read 51 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 | Injective PDD/USDC PERP | 79.270 | 0.0033 | pay 0.0004% / 1h | 52m 36s | $11K | $8K | 12x |
| Short | Bitget PDDUSDT | 79.480 | 0 | get 0.0000% / 8h | 52m 36s | $1.3M | $193K | 20x |
Injective PDD/USDC PERP
Bitget PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Injective. 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
- −$7
- Price spread: +0.265% → 0.000%
- $26.49
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $7.47
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 4 min ago | 21.40 bp | 29.2 bp −$29 | 39.9 bp −$399 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 79.590 | +0.404% | $1.3M | $928K | 20x | as long as short |
| Bybit PDDUSDT | 0.0000% | 8h | 79.440 | +0.214% | $254K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.480 | +0.265% | $483K | $38K | 20x | as long as short |
| Bitget PDDUSDTshort | 0.0000% | 8h | 79.480 | +0.265% | $1.3M | $193K | 20x | |
| Injective PDD/USDC PERPlong | +0.0033% | 1h | 79.270 | long leg | $11K | $8K | 12x | |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.454 | +0.233% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTM | +0.0100% | 8h | 79.410 | +0.177% | $34K | $2.8M | 20x | as long as short |
| HTX PDD-USDT | +0.0100% | 8h | 79.590 | +0.404% | $7K | $311K | 20x | as long as short |
| edgeX PDDUSDC | +0.0629% | 4h | 79.565 | +0.373% | $161K | $224K | 10x | as long as short |
Binance PDDUSDT
Bybit PDDUSDT
Gate PDD_USDT
Extended PDD_24_5-USD
KuCoin PDDUSDTM
HTX PDD-USDT
edgeX PDDUSDC