PDD Funding Rate — perpetuals across 3 venues
TradFi perpetual · compared across 3 venues · net of estimated fees · updated every few minutes
PDD is an equity-linked perpetual referencing PDD, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized PDD perpetual funding across all 3 venues Perpia tracks. Right now PDD funding is positive on 1 and negative on 0, ranging from +94.2% on Bybit to +0.0% on Ostium — a spread of 94.2%. The widest delta-neutral trade is long Bitget / short Bybit at 88.2% net APR.
PDD funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
PDD funding rate by venue
2 pairs scannedRates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bitget vs Bybit page.
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PDD funding — FAQ
Is PDD funding positive right now?
PDD perpetual funding is positive on 1 of 3 venues Perpia tracks. The highest is +94.2% on Bybit; the lowest is +0.0% on Ostium.
What is the best PDD funding arbitrage right now?
Go long Bitget and short Bybit for about 88.2% net APR after fees — the widest delta-neutral PDD spread Perpia currently sees.
Which exchange has the highest PDD funding rate?
Bybit, at +94.2% annualized. Funding shifts continuously, so check the live table above before trading.
How PDD funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to PDD
Markets also quoted on both Bitget and Bybit — the same two exchanges you would already have funded for the PDD trade.
See every spread between them on the Bitget vs Bybit page.