Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against BingX+0.164%66s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.711% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.164%, 7d avg −0.035%
=The price spread pays, funding is against you. BloFin is 0.199% dearer against BingX than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of −0.035%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PEOPLE-USDT | 0.009147 | 0.0100 | pay 0.0100% / 8h | 1h 28m | — | $5.7M | — |
| Short | BloFin PEOPLE-USDT | 0.009162 | 0.0081 | get 0.0081% / 8h | 1h 28m | $349K | $85K | 50x |
BingX PEOPLE-USDT
BloFin PEOPLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.97
- Price spread: +0.164% → −0.035%
- $19.89
- Slippage, 4 orders
- −$49.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$55.23
- Costs to cover
- 0.711%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; BloFin: live order book, 52 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 BingX live order book, 7 min ago | 5.99 bp | 18.0 bp −$18 | 43.2 bp −$432 | 374.9 bp −$37.5K | 481.1 bp −$240.5K |
| Sell BloFin live order book, 52 min ago | 1.09 bp | 17.8 bp −$18 | 29.3 bp −$293 | doesn't fit | doesn't fit |
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 | −0.1238% | 1h | 0.009142 | −0.056% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0125% | 8h | 0.009144 | −0.033% | $652K | $123K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0057% | 8h | 0.009132 | −0.160% | $6K | $4K | — | as long as short |
| BloFin PEOPLE-USDTshort | +0.0081% | 8h | 0.009162 | +0.164% | $349K | $85K | 50x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009152 | +0.055% | $425K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009169 | +0.236% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009142 | −0.055% | $5.5M | $15.1M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009143 | −0.044% | $1.6M | $2.1M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009146 | −0.011% | $3.3M | $8.5M | 20x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009157 | +0.109% | $770K | $1.4M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009164 | +0.186% | $674K | $303K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009149 | +0.022% | $1.6M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDTlong | +0.0100% | 8h | 0.009147 | long leg | — | $5.7M | — | |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009154 | +0.077% | $43K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009173 | +0.280% | $183 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
HTX PEOPLE-USDT
Extended PEOPLE-USD