PDD funding rates and arbitrage
Updated 2026-11-11 22:51 UTC
Best PDD arbitrage after every cost
No PDD pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PDD funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BingX | NCSKPDD2USD-USDT | 0.0122% | 8 h | +13.4% | +27.6% | $901.6K | 2026-11-12 00:00 |
| OKX | PDD-USDT-SWAP | 0.0111% | 8 h | +12.1% | +23.1% | $290K | 2026-11-12 00:00 |
| HTX | PDD-USDT | 0.0100% | 8 h | +10.9% | +11.0% | $10K | 2026-11-12 00:00 |
| Bitunix | PDDUSDT | 0.0052% | 8 h | +5.7% | +23.8% | — | 2026-11-12 00:00 |
| Extended | PDD_24_5-USD | 0.0005% | 1 h | +4.4% | +4.4% | $14.4K | 2026-11-11 23:00 |
| Bybit | PDDUSDT | 0.0000% | 8 h | 0.0% | +0.5% | $552.9K | 2026-11-12 00:00 |
| KuCoin | PDDUSDTM | 0.0000% | 8 h | 0.0% | +0.4% | $24.8K | 2026-11-12 00:00 |
| MEXC | PDDSTOCK_USDT | 0.0000% | 8 h | 0.0% | +19.5% | $335.7K | 2026-11-12 00:00 |
| Bitget | PDDUSDT | 0.0000% | 8 h | 0.0% | +3.4% | $996.5K | 2026-11-12 00:00 |
| LBank | PDDUSDT | 0.0000% | 8 h | 0.0% | 0.0% | — | 2026-11-12 00:00 |
| Binance | PDDUSDT | 0.0000% | 8 h | 0.0% | +19.4% | $2.5M | 2026-11-12 00:00 |
| Gate | PDD_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $194.6K | 2026-11-12 00:00 |
Cost to enter $10,000 of PDD
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Binance | PDDUSDT | 6.9 bp * | top of book only |
| BingX | NCSKPDD2USD-USDT | 7.5 bp | top of book only |
| Gate | PDD_USDT | 8.1 bp | top of book only |
| Bitget | PDDUSDT | 10.4 bp | top of book only |
| OKX | PDD-USDT-SWAP | 11.5 bp * | top of book only |
| Bybit | PDDUSDT | 11.6 bp | top of book only |
| Extended | PDD_24_5-USD | 13.2 bp | top of book only |
| KuCoin | PDDUSDTM | 18.7 bp | top of book only |
| MEXC | PDDSTOCK_USDT | 29.3 bp | top of book only |
| HTX | PDD-USDT | 51.8 bp * | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is PDD funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PDD pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PDD funding rate?
BingX at +13.4% a year (0.0122% every 8 h); the lowest is Gate at 0.0%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.