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

PDD

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: HTX against Injective+1.236%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 1.236% dearer against Injective than usual: you sell high and buy low: +$124 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PDD/USDC PERP79.2700.0033pay 0.0004% / 1h48m 48s$11K$8K12x
ShortHTX PDD-USDT80.2500.0100get 0.0100% / 8h3h 48m$7K$305K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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
$14
Price spread: +1.236% → 0.000%
$123.63
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Net
$125.61
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; HTX: live order book, 3 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 Injective no order-book sample
Sell HTX live order book, 3 min ago105.17 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PDDUSDT0.0000%8h79.940+0.845%$258K$2.0M25xas long as short
Bitget PDDUSDT0.0000%8h80.010+0.934%$1.3M$198K20xas long as short
edgeX PDDUSDC+0.0010%4h80.147+1.106%$162K$224K10xas long as short
Injective PDD/USDC PERPlong+0.0033%1h79.270long leg$11K$8K12x
Extended PDD_24_5-USD+0.0040%1h79.850+0.732%$3K5xas long as short
KuCoin PDDUSDTM+0.0100%8h80.010+0.934%$32K$2.8M20xas long as short
HTX PDD-USDTshort+0.0100%8h80.250+1.236%$7K$305K20x
Gate PDD_USDT+0.0259%8h79.810+0.681%$487K$37K20xas long as short
Binance PDDUSDT+0.0581%8h80.120+1.072%$1.4M$973K20xas long as short