Funding you earn now, next payment 16:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Bitget+0.129%45s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as 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−$840.844% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.129%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.118% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 45 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 | Bitget PEOPLEUSDT | 0.009319 | 0.0100 | pay 0.0100% / 8h | 7h 56m | $1.8M | $1.4M | 50x |
| Short | BloFin PEOPLE-USDT | 0.009331 | 0.0115 | get 0.0115% / 8h | 7h 56m | $354K | $112K | 50x |
Bitget PEOPLEUSDT
BloFin PEOPLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $3.21
- Price spread: +0.129% → +0.011%
- $11.79
- Slippage, 4 orders
- −$60.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$69.43
- Costs to cover
- 0.844%
- Break-even
- 158.5 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 1 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, 1 min ago | 5.37 bp | 31.6 bp −$32 | 73.0 bp −$730 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.61 bp | 18.9 bp −$19 | 43.8 bp −$438 | 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 | −0.1133% | 1h | 0.009318 | −0.010% | $36K | $48K | 10x | as long as short |
| Variational Omni PEOPLE | −0.0032% | 8h | 0.009291 | −0.298% | $6K | $5K | — | as long as short |
| MEXC PEOPLE_USDT | +0.0049% | 8h | 0.009304 | −0.161% | $700K | $321K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0050% | 8h | 0.009302 | −0.182% | $3.4M | $9.6M | 20x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009308 | −0.118% | $438K | $343K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009312 | −0.072% | $11K | $96K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009312 | −0.071% | $5.7M | $18.7M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009304 | −0.161% | $1.7M | $2.8M | 50x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009318 | −0.011% | $786K | $1.6M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | +0.0100% | 8h | 0.009302 | −0.182% | $670K | $165K | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDT
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDTlong | +0.0100% | 8h | 0.009319 | long leg | $1.8M | $1.4M | 50x | |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009312 | −0.075% | — | $10.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009327 | +0.086% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009312 | −0.071% | $186 | — | 5x | as long as short |
| BloFin PEOPLE-USDTshort | +0.0115% | 8h | 0.009331 | +0.129% | $354K | $112K | 50x |
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD