Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.018%
Price spread now: Extended against KuCoin−0.200%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.200% cheaper against KuCoin than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PDDUSDTM | 80.010 | 0.0100 | pay 0.0100% / 8h | 3h 47m | $31K | $2.8M | 20x |
| Short | Extended PDD_24_5-USD | 79.850 | 0.0040 | get 0.0005% / 1h | 47m 01s | $3K | — | 5x |
KuCoin PDDUSDTM
Extended PDD_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$12.6
- Price spread: −0.200% → 0.000%
- −$20
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$49.6
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Extended: no order-book sample. 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 KuCoin live order book, 5 min ago | 13.74 bp | 310.3 bp −$310 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PDDUSDC | −0.0010% | 4h | 80.094 | +0.105% | $162K | $224K | 10x | as long as short |
| Bybit PDDUSDT | 0.0000% | 8h | 79.910 | −0.125% | $258K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 80.000 | −0.012% | $1.3M | $198K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.925% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USDshort | +0.0040% | 1h | 79.850 | −0.200% | $3K | — | 5x | |
| KuCoin PDDUSDTMlong | +0.0100% | 8h | 80.010 | long leg | $31K | $2.8M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 79.960 | −0.062% | $7K | $305K | 20x | as long as short |
| Gate PDD_USDT | +0.0253% | 8h | 79.810 | −0.250% | $487K | $37K | 20x | as long as short |
| Binance PDDUSDT | +0.0593% | 8h | 80.050 | +0.050% | $1.4M | $978K | 20x | as long as short |
edgeX PDDUSDC
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
HTX PDD-USDT
Gate PDD_USDT
Binance PDDUSDT