Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 83.630 | +0.0470 | pay 0.0470% / 8h | 5h 59m | $375K | $134K | 100x | Long MEXC | |
| SHORT | 83.680 | 0 | 0.0000% / 8h | 5h 59m | $576K | $200K | 25x | Short Bybit |
Price gap+0.060%
Funding gap−0.0470% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $14 a day and eats that in about 6 hours. At the last 7 days' pace that is about 3.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0470% /8h now · paid −0.082% over the last 7D
Price+$4spread +0.060% now, avg +0.024% → +0.036% if it goes back
Costs−$1951.953% of $10k · taker + slippage, in and out
Result−$200−2.00%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.082% in total, about −0.0039%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.060%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPDD on 12 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size30.5 / 68.2 bpAt $10k entering Bybit costs 68.2 bp, fee and slippage, 2.2× MEXC’s.
- Note: Margin at max leverage$100 + $400MEXC 100x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$14.10Long MEXC: 3 payments, −$14.10; short Bybit: 3 payments, $0.00.
- OK: Entry gap works for you+0.060% vs +0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$375K vs $576K OIMEXC sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Bybit YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0039%/8h × 21 periods−$8.24
Price spread+0.060% → +0.024% (7d avg)+$3.62
Slippage, 4 orderslive order books−$180.31
Fee MEXC bp × 2 orders−$4.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$199.93
Costs to cover1.953%Break-evennever at this rate
Slippage: MEXC: live order book, 28 min ago; Bybit: live order book, 28 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC26.3830.5 bp−$31129.3 bp−$1,293221.9 bp−$22.2Kdoesn’t fit
SELL · SHORTBybit6.0068.2 bp−$68doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
PDD news
posts that mention PDD or PDD Holdings, from every exchange| 11-03 01:05 | edgeX | Listing | PDDUSDC no longer reported ($PDD) seen by our collector |
| 10-30 08:29 | OKX | Listing | new market PDD-USDT-SWAP ($PDD) seen by our collector |
| 09-28 16:43 | Avantis | Other | 2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗ |
| 09-24 14:14 | Avantis | Listing | new market PDD/USD ($PDD) seen by our collector |
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