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: Gate against KuCoin0.000%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$771as in the Funding arb table
Net, price: spread back to 7d avg − costs−$773as in the Price arb table
costs, in and out, $10k−$7567.559% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now 0.000%, 7d avg +0.168%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.168% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.168%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PDDUSDTM | 79.820 | 0.0100 | pay 0.0100% / 8h | 6h 58m | $30K | $2.7M | 20x |
| Short | Gate PDD_USDT | 79.820 | 0 | get 0.0000% / 8h | 6h 58m | $498K | $36K | 20x |
KuCoin PDDUSDTM
Gate PDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: 0.000% → +0.168%
- −$16.76
- Slippage, 4 orders
- −$728.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$793.62
- Costs to cover
- 7.559%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Gate: live order book, 32 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, 8 min ago | 4.39 bp | 315.6 bp −$316 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 32 min ago | 18.84 bp | 27.5 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PDDUSDT | 0.0000% | 8h | 79.830 | +0.013% | $265K | $2.0M | 25x | as long as short |
| Gate PDD_USDTshort | 0.0000% | 8h | 79.820 | 0.000% | $498K | $36K | 20x | |
| Bitget PDDUSDT | 0.0000% | 8h | 79.810 | −0.013% | $1.4M | $219K | 20x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −0.689% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.783 | −0.046% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMlong | +0.0100% | 8h | 79.820 | long leg | $30K | $2.7M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 80.020 | +0.251% | $7K | $300K | 20x | as long as short |
| Binance PDDUSDT | +0.0414% | 8h | 79.884 | +0.080% | $1.4M | $1.0M | 20x | as long as short |
| edgeX PDDUSDC | +0.0829% | 4h | 79.830 | +0.013% | $161K | $224K | 10x | as long as short |
Bybit PDDUSDT
Bitget PDDUSDT
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Binance PDDUSDT
edgeX PDDUSDC