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PDD — funding rate on OKX
OKX · PDD-USDT-SWAP+0.043%per 8h · +0.005%/hshorts receive
last settlement+0.005%→upcoming payout+0.043%• unchanged
6:13:02settlement
0calmheat
Price (mark)
83.18
-0.1% 24h
Vol 24h
$1.1M
Open interest
$278K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Price and skew
Liquidations
24h$247
$0 longs$247 shorts
Shorts were wiped — 100% of the total. Quiet over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $1.08 · $0.14/hour
- Net snipe per settlement
- $-2.92 = 0.043% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.27×needs 0.160%+ per settlement
- Liquidation price
- 99.4001 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 20 settlements
PDD on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.050% / 8h | +0.006%/h | shorts | -0.110% |
| OKX ← you are here | +0.043% / 8h | +0.005%/h | shorts | -0.117% |
| Bitget | +0.012% / 8h | +0.002%/h | shorts | -0.148% |
| Bybit | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Binance+0.006%/h
shortsrate +0.050% / 8hsnipe -0.110%
OKX← you are here+0.005%/h
shortsrate +0.043% / 8hsnipe -0.117%
Bitget+0.002%/h
shortsrate +0.012% / 8hsnipe -0.148%
Bybit0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.006%/h
PDD across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
OKXevery 8hBinanceevery 8hBitgetevery 8hBybitevery 8hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0000%/h
widest spread
0.0085%/h
05.11 01:00 UTC · OKX ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.