Funding you earn now, next payment 08:00 UTC−0.0204%/8h= −22.4% APRpaid last 24h +0.072%
Price spread now: edgeX against KuCoin+0.053%83s7-day average +0.278% · you sell dearer than you buy
Net, funding: paid 7d − costs−$800as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$7947.944% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.053%, 7d avg +0.278%
=Together, before fees−0.222%+ Points / potential airdropedgeX: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.225% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.278%). Swap the legs. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PDDUSDTM | 79.610 | 0.0100 | pay 0.0100% / 8h | 36m 08s | $31K | $2.6M | 20x |
| Short | edgeX PDDUSDC | 79.652 | −0.0104 | pay 0.0052% / 4h | 36m 08s | $161K | $223K | 10x |
KuCoin PDDUSDTM
edgeX PDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$42.9
- Price spread: +0.053% → +0.278%
- −$22.52
- Slippage, 4 orders
- −$773.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$859.82
- Costs to cover
- 7.944%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; edgeX: live order book, 1 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, 11 min ago | 10.68 bp | 370.7 bp −$371 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 2.51 bp | 23.7 bp −$24 | doesn't fit | 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 PDDUSDCshort | −0.0104% | 4h | 79.652 | +0.053% | $161K | $223K | 10x | |
| Bybit PDDUSDT | 0.0000% | 8h | 79.580 | −0.038% | $264K | $2.0M | 25x | as long as short |
| Gate PDD_USDT | 0.0000% | 8h | 79.580 | −0.038% | $499K | $39K | 20x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 79.620 | +0.013% | $1.3M | $220K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.427% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.560 | −0.063% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMlong | +0.0100% | 8h | 79.610 | long leg | $31K | $2.6M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 79.780 | +0.214% | $7K | $300K | 20x | as long as short |
| Binance PDDUSDT | +0.0898% | 8h | 79.665 | +0.069% | $1.4M | $1.0M | 20x | as long as short |
Bybit PDDUSDT
Gate PDD_USDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Binance PDDUSDT