Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.122%61s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as 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−$610.609% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.122%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.106% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 61 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 | BloFin PEOPLE-USDT | 0.009331 | 0.0074 | pay 0.0074% / 8h | 38m 11s | $352K | $110K | 50x |
| Short | Binance PEOPLEUSDT | 0.009342 | 0.0100 | get 0.0100% / 8h | 38m 11s | $5.7M | $18.6M | 50x |
BloFin PEOPLE-USDT
Binance PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $5.52
- Price spread: +0.122% → +0.016%
- $10.58
- Slippage, 4 orders
- −$38.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$44.79
- Costs to cover
- 0.609%
- Break-even
- 63.8 days
Slippage from BloFin: live order book, 24 min ago; Binance: live order book, 3 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 BloFin live order book, 24 min ago | 2.66 bp | 11.9 bp −$12 | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.54 bp | 16.1 bp −$16 | 48.5 bp −$485 | 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 | −0.0425% | 1h | 0.009321 | −0.108% | $36K | $48K | 10x | as long as short |
| Variational Omni PEOPLE | −0.0036% | 8h | 0.009366 | +0.372% | $6K | $5K | — | as long as short |
| BloFin PEOPLE-USDTlong | +0.0074% | 8h | 0.009331 | long leg | $352K | $110K | 50x | |
| Bybit PEOPLEUSDT | +0.0092% | 8h | 0.009324 | −0.075% | $1.7M | $2.8M | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009329 | −0.021% | $444K | $331K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009337 | +0.064% | $11K | $96K | 5x | as long as short |
| Binance PEOPLEUSDTshort | +0.0100% | 8h | 0.009342 | +0.122% | $5.7M | $18.6M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009322 | −0.096% | $3.4M | $9.6M | 20x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009341 | +0.107% | $786K | $1.7M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009322 | −0.096% | $711K | $322K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
Bybit PEOPLEUSDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDT
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEOPLEUSDTM | +0.0100% | 8h | 0.009341 | +0.107% | $673K | $165K | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009337 | +0.064% | $1.8M | $1.4M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009325 | −0.064% | — | $10.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009342 | +0.118% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009344 | +0.137% | $187 | — | 5x | as long as short |
KuCoin PEOPLEUSDTM
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD