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: MEXC against Binance−0.132%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.132%, 7d avg +0.041%

Together, before fees+0.048%+$5 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: MEXC is 0.173% cheaper against Binance than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PEOPLEUSDT	0.009255	0.0100	pay 0.0100% / 8h	5h 59m	$5.7M	$16.2M	50x
Short	MEXC PEOPLE_USDT	0.009243	0.0100	get 0.0100% / 8h	5h 59m	$681K	$299K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → +0.041%: −$17.3
Slippage, 4 orders: −$52.76
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$84.06
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 60 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, 11 min ago	0.54 bp	20.0 bp −$20	62.1 bp −$621	doesn't fit	doesn't fit
Sell MEXC live order book, 60 min ago	2.69 bp	16.1 bp −$16	60.9 bp −$609	263.2 bp −$26.3K	482.2 bp −$241.1K

PEOPLE on 14 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	−0.1286%	1h	0.009234	−0.228%	$36K	$45K	10x	as long as short
Gate PEOPLE_USDT	−0.0461%	8h	0.009244	−0.121%	$704K	$1.5M	50x	as long as short
Variational Omni PEOPLE	−0.0022%	8h	0.009233	−0.241%	$6K	$2K	—	as long as short
KuCoin PEOPLEUSDTM	+0.0022%	8h	0.009242	−0.142%	$675K	$146K	50x	as long as short
Bybit PEOPLEUSDT	+0.0099%	8h	0.009247	−0.088%	$1.7M	$2.3M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009257	+0.020%	$429K	$223K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009251	−0.046%	$7K	$73K	5x	as long as short
Binance PEOPLEUSDTlong	+0.0100%	8h	0.009255	long leg	$5.7M	$16.2M	50x
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009253	−0.024%	$3.3M	$8.7M	20x	as long as short
MEXC PEOPLE_USDTshort	+0.0100%	8h	0.009243	−0.132%	$681K	$299K	200x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009245	−0.110%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009245	−0.110%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009249	−0.067%	$44K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009245	−0.115%	$185	—	5x	as long as short