PDD

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXPDD-USDT-SWAP	83.794	+0.0407	pay 0.0407% / 8h	5h 59m	$279K	$1.2M	20x	Long OKX
SHORT	GatePDD_USDT	83.670	0	0.0000% / 8h	5h 59m	$323K	$83K	20x	Short Gate

Price gap−0.148%

Funding gap−0.0407% /8h

Both sides work against this direction now: funding costs $12 a day on $10k and the gap is 0.039% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$13−0.0407% /8h now · paid −0.129% over the last 7D

Price−$4spread −0.148% now, avg −0.109% → −0.039% if it goes back

Costs−$1451.449% of $10k · taker + slippage, in and out

Result−$162−1.62%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.129% in total, about −0.0062%/8h on average.

Price and funding

1h · history

Entry / 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−0.148%

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

/8h

PDD on 12 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size47.8 / 49.8 bp
At $10k entering Gate costs 49.8 bp, fee and slippage, 1.0× OKX’s.
Note: Margin at max leverage$500 + $500
OKX 20x, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$12.22Long OKX: 3 payments, −$12.22; short Gate: 3 payments, $0.00.
Watch: Gap narrower than usual−0.148% vs −0.109%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$279K vs $323K OI
OKX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCOKX Yes · Gate Yes
Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0062%/8h × 21 periods−$12.92

Price spread−0.148% → −0.109% (7d avg)−$3.91

Slippage, 4 orderslive order books−$119.88

Fee OKX bp × 2 orders−$10.00

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k−$161.71

Costs to cover1.449%Break-evennever at this rate

Slippage: OKX: live order book, 4 min ago; Gate: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOKX7.3347.8 bp−$48299.3 bp−$2,993doesn’t fitdoesn’t fit

SELL · SHORTGate15.6049.8 bp−$50doesn’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

PDD