PDD funding rate explained
Right now PDD Holdings (Dinari Tokenized Stock) (PDD) perpetual futures trade on 6 exchanges we track. The highest funding is on HTX at +0.030% per day, the lowest on Gate at -0.067%. The average across all venues is -0.006% per day, or about -2.2% a year. Negative funding means PDD shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.097% per day. A delta-neutral position that shorts PDD on HTX and goes long on Gate would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live PDD arbitrage board for the price side of the trade.
Settlement intervals differ: PDD funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: PDD arbitrage · PDD Holdings (Dinari Tokenized Stock) price · funding rates for all coins.