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: Binance against Bitget+0.012%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on Bitget Short on Binance

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+0.091%+$9 · spread now +0.012%, 7d avg +0.048%

Together, before fees+0.057%+$6 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: Binance is 0.036% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEOPLEUSDT	0.009300	0.0100	pay 0.0100% / 8h	1m 42s	$1.8M	$1.5M	50x
Short	Binance PEOPLEUSDT	0.009301	0.0100	get 0.0100% / 8h	1m 42s	$5.7M	$18.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.048%: −$3.62
Slippage, 4 orders: −$61.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.72
Costs to cover: 0.831%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 9 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 Bitget live order book, 5 min ago	7.50 bp	27.7 bp −$28	70.7 bp −$707	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.07 bp	15.2 bp −$15	44.5 bp −$445	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	−0.0426%	1h	0.009298	−0.019%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0025%	8h	0.009310	+0.110%	$6K	$5K	—	as long as short
MEXC PEOPLE_USDT	+0.0061%	8h	0.009290	−0.108%	$694K	$327K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0062%	8h	0.009289	−0.118%	$3.4M	$9.6M	20x	as long as short
Bybit PEOPLEUSDT	+0.0085%	8h	0.009295	−0.054%	$1.7M	$2.8M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009299	−0.011%	$440K	$339K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009303	+0.032%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDTshort	+0.0100%	8h	0.009301	+0.012%	$5.7M	$18.7M	50x
Gate PEOPLE_USDT	+0.0100%	8h	0.009307	+0.075%	$786K	$1.7M	50x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009308	+0.086%	$671K	$165K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDTlong	+0.0100%	8h	0.009300	long leg	$1.8M	$1.5M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009297	−0.032%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009307	+0.075%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009299	−0.015%	$186	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0116%	8h	0.009308	+0.086%	$354K	$111K	50x	as long as short