Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin−0.063%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$884as in the Funding arb table
Net, price: spread back to 7d avg − costs−$880as in the Price arb table
costs, in and out, $10k−$8638.627% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.063%, 7d avg +0.110%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.173% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.110%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PDDUSDTM | 79.780 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $31K | $2.7M | 20x |
| Short | Bybit PDDUSDT | 79.730 | 0 | get 0.0000% / 8h | 7h 44m | $264K | $2.0M | 25x |
KuCoin PDDUSDTM
Bybit PDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- −$21
- Price spread: −0.063% → +0.110%
- −$17.29
- Slippage, 4 orders
- −$839.66
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$900.94
- Costs to cover
- 8.627%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 min ago.
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 KuCoin live order book, 2 min ago | 9.40 bp | 303.8 bp −$304 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 11.29 bp | 62.9 bp −$63 | 207.7 bp −$2,077 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PDDUSDC | −0.0718% | 4h | 79.822 | +0.052% | $161K | $224K | 10x | as long as short |
| Bybit PDDUSDTshort | 0.0000% | 8h | 79.730 | −0.063% | $264K | $2.0M | 25x | |
| Gate PDD_USDT | 0.0000% | 8h | 79.770 | −0.013% | $500K | $38K | 20x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.800 | +0.025% | $1.4M | $219K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.639% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.690 | −0.113% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMlong | +0.0100% | 8h | 79.780 | long leg | $31K | $2.7M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 79.540 | −0.301% | $7K | $300K | 20x | as long as short |
| Binance PDDUSDT | +0.0634% | 8h | 79.839 | +0.074% | $1.4M | $1.1M | 20x | as long as short |
edgeX PDDUSDC
Gate PDD_USDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Binance PDDUSDT