Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.022%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

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

costs, in and out, $10k−$780.780% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.022%, 7d avg +0.073%

Together, before fees−0.003%$0 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: OKX is 0.095% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEOPLEUSDT	0.009132	0.0100	pay 0.0100% / 8h	1h 31m	$1.6M	$1.1M	50x
Short	OKX PEOPLE-USDT-SWAP	0.009130	0.0100	get 0.0100% / 8h	1h 31m	$3.3M	$8.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.073%: −$9.53
Slippage, 4 orders: −$55.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.48
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; OKX: 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, just now	4.93 bp	16.1 bp −$16	64.1 bp −$641	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.55 bp	23.0 bp −$23	63.0 bp −$630	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	−0.1237%	1h	0.009147	+0.159%	$35K	$45K	10x	as long as short
KuCoin PEOPLEUSDTM	−0.0125%	8h	0.009143	+0.120%	$652K	$123K	50x	as long as short
Variational Omni PEOPLE	−0.0060%	8h	0.009193	+0.673%	$6K	$4K	—	as long as short
BloFin PEOPLE-USDT	+0.0082%	8h	0.009164	+0.350%	$348K	$85K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009138	+0.066%	$425K	$212K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009140	+0.092%	$8K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009138	+0.067%	$5.5M	$15.1M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009130	−0.022%	$1.6M	$2.1M	50x	as long as short
OKX PEOPLE-USDT-SWAPshort	+0.0100%	8h	0.009130	−0.022%	$3.3M	$8.4M	20x
Gate PEOPLE_USDT	+0.0100%	8h	0.009147	+0.164%	$767K	$1.4M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009135	+0.033%	$672K	$303K	200x	as long as short
Bitget PEOPLEUSDTlong	+0.0100%	8h	0.009132	long leg	$1.6M	$1.1M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009135	+0.033%	—	$5.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009146	+0.153%	$43K	$52K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009137	+0.058%	$183	—	5x	as long as short