Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against KuCoin−0.950%55s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.950% cheaper against KuCoin than usual: you would sell low and buy high (−$95 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | KuCoin PDDUSDTM | 80.030 | 0.0100 | pay 0.0100% / 8h | 3h 48m | $32K | $2.8M | 20x |
| Short | Injective PDD/USDC PERP | 79.270 | 0.0033 | get 0.0004% / 1h | 48m 19s | $11K | $8K | 12x |
KuCoin PDDUSDTM
Injective PDD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.950% → 0.000%
- −$94.96
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$120.98
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Injective: 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, 4 min ago | 13.74 bp | 310.3 bp −$310 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.112% | $258K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 80.010 | −0.025% | $1.3M | $198K | 20x | as long as short |
| edgeX PDDUSDC | +0.0010% | 4h | 80.147 | +0.146% | $162K | $224K | 10x | as long as short |
| Injective PDD/USDC PERPshort | +0.0033% | 1h | 79.270 | −0.950% | $11K | $8K | 12x | |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.850 | −0.225% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMlong | +0.0100% | 8h | 80.030 | long leg | $32K | $2.8M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 80.250 | +0.275% | $7K | $305K | 20x | as long as short |
| Gate PDD_USDT | +0.0259% | 8h | 79.810 | −0.275% | $487K | $37K | 20x | as long as short |
| Binance PDDUSDT | +0.0588% | 8h | 80.120 | +0.112% | $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