Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.158%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.158%, 7d avg +0.001%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.159% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PEOPLEUSDT	0.009514	0.0100	pay 0.0100% / 8h	3h 30m	$6.0M	$17.4M	50x
Short	BingX PEOPLE-USDT	0.009499	0.0100	get 0.0100% / 8h	3h 30m	—	$7.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → +0.001%: −$15.9
Slippage, 4 orders: −$60.81
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$96.72
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	2.10 bp	20.1 bp −$20	67.6 bp −$676	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	4.74 bp	20.7 bp −$21	46.3 bp −$463	337.5 bp −$33.7K	432.7 bp −$216.4K

PEOPLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PEOPLEUSD	−0.0390%	1h	0.009509	−0.051%	$37K	$47K	10x	as long as short
Gate PEOPLE_USDT	−0.0079%	8h	0.009493	−0.221%	$734K	$1.6M	50x	as long as short
Variational Omni PEOPLE	−0.0015%	8h	0.009501	−0.138%	$7K	$3K	—	as long as short
KuCoin PEOPLEUSDTM	−0.0002%	8h	0.009510	−0.042%	$671K	$156K	50x	as long as short
BloFin PEOPLE-USDT	+0.0071%	8h	0.009511	−0.032%	$370K	$105K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009520	+0.063%	$495K	$275K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009498	−0.167%	$4K	$87K	5x	as long as short
Binance PEOPLEUSDTlong	+0.0100%	8h	0.009514	long leg	$6.0M	$17.4M	50x
Bybit PEOPLEUSDT	+0.0100%	8h	0.009503	−0.116%	$1.8M	$2.6M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009511	−0.032%	$3.5M	$9.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009512	−0.021%	$719K	$302K	200x	as long as short
Bitget PEOPLEUSDT	+0.0100%	8h	0.009518	+0.042%	$1.9M	$1.3M	50x	as long as short
BingX PEOPLE-USDTshort	+0.0100%	8h	0.009499	−0.158%	—	$7.5M	—
HTX PEOPLE-USDT	+0.0100%	8h	0.009479	−0.368%	$45K	$50K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009512	−0.019%	$190	—	5x	as long as short