Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: KuCoin against Injective+0.959%55s7-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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.959% dearer against Injective than usual: you sell high and buy low: +$96 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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 | 48m 20s | $11K | $8K | 12x |
| Short | KuCoin PDDUSDTM | 80.030 | 0.0100 | get 0.0100% / 8h | 3h 48m | $32K | $2.8M | 20x |
Injective PDD/USDC PERP
KuCoin PDDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14
- Price spread: +0.959% → 0.000%
- $95.87
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $97.85
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: 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 KuCoin live order book, 4 min ago | 13.74 bp | 310.5 bp −$310 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PDDUSDT | 0.0000% | 8h | 79.940 | +0.845% | $258K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 80.010 | +0.934% | $1.3M | $198K | 20x | as long as short |
| edgeX PDDUSDC | +0.0010% | 4h | 80.147 | +1.106% | $162K | $224K | 10x | as long as short |
| Injective PDD/USDC PERPlong | +0.0033% | 1h | 79.270 | long leg | $11K | $8K | 12x | |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.850 | +0.732% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMshort | +0.0100% | 8h | 80.030 | +0.959% | $32K | $2.8M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 80.250 | +1.236% | $7K | $305K | 20x | as long as short |
| Gate PDD_USDT | +0.0259% | 8h | 79.810 | +0.681% | $487K | $37K | 20x | as long as short |
| Binance PDDUSDT | +0.0588% | 8h | 80.120 | +1.072% | $1.4M | $973K | 20x | as long as short |
Bybit PDDUSDT
Bitget PDDUSDT
edgeX PDDUSDC
Extended PDD_24_5-USD
HTX PDD-USDT
Gate PDD_USDT
Binance PDDUSDT