Funding you earn now, next payment 08:00 UTC−0.0397%/8h= −43.5% APRnext payment −$3.97 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget+0.022%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1151.151% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now +0.022%, 7d avg +0.055%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.033% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.055%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.219% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PEOPLEUSDT | 0.009275 | 0.0100 | pay 0.0100% / 8h | 7h 18m | $1.8M | $1.2M | 50x |
| Short | Gate PEOPLE_USDT | 0.009277 | −0.0297 | pay 0.0297% / 8h | 7h 18m | $723K | $1.5M | 50x |
Bitget PEOPLEUSDT
Gate PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$83.37
- Price spread: +0.022% → +0.055%
- −$3.32
- Slippage, 4 orders
- −$88.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$201.74
- Costs to cover
- 1.151%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 5.38 bp | 31.9 bp −$32 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 9.67 bp | 27.7 bp −$28 | 158.2 bp −$1,582 | 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 | −0.1345% | 1h | 0.009284 | +0.096% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDTshort | −0.0297% | 8h | 0.009277 | +0.022% | $723K | $1.5M | 50x | |
| Variational Omni PEOPLE | −0.0032% | 8h | 0.009280 | +0.054% | $6K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | −0.0002% | 8h | 0.009269 | −0.065% | $662K | $124K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009267 | −0.086% | $429K | $211K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009265 | −0.106% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009276 | +0.009% | $5.7M | $15.4M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009273 | −0.022% | $1.7M | $2.2M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009286 | +0.119% | $3.4M | $8.6M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009264 | −0.119% | $712K | $310K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDTlong | +0.0100% | 8h | 0.009275 | long leg | $1.8M | $1.2M | 50x | |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009274 | −0.011% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009298 | +0.248% | $44K | $52K | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0104% | 8h | 0.009263 | −0.129% | $351K | $88K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009273 | −0.017% | $186 | — | 5x | as long as short |
BingX PEOPLE-USDT
HTX PEOPLE-USDT
BloFin PEOPLE-USDT
Extended PEOPLE-USD