Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against BloFin−0.141%81s7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as 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−$800.796% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.141%, 7d avg +0.035%
=Funding pays, the price is against you. BingX is 0.176% cheaper against BloFin than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.035%). If the spread goes back, that is −$18 on $10k: about 24 days of funding at the current rate (+$1 a day). The two prices were read 81 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 | 0.009212 | 0.0075 | pay 0.0075% / 8h | 4h 41m | $355K | $98K | 50x |
| Short | BingX PEOPLE-USDT | 0.009199 | 0.0100 | get 0.0100% / 8h | 4h 41m | — | $7.5M | — |
BloFin PEOPLE-USDT
BingX PEOPLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $5.22
- Price spread: −0.141% → +0.035%
- −$17.6
- Slippage, 4 orders
- −$57.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$91.94
- Costs to cover
- 0.796%
- Break-even
- 130.3 days
Slippage from BloFin: live order book, 50 min ago; BingX: live order book, 11 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, 50 min ago | 2.14 bp | 14.6 bp −$15 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 4.88 bp | 22.3 bp −$22 | 50.2 bp −$502 | 316.6 bp −$31.7K | 457.4 bp −$228.7K |
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 | −0.0890% | 1h | 0.009196 | −0.175% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0316% | 8h | 0.009208 | −0.043% | $736K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0043% | 8h | 0.009191 | −0.228% | $654K | $151K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0041% | 8h | 0.009200 | −0.132% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0015% | 8h | 0.009192 | −0.217% | $1.7M | $2.4M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0054% | 8h | 0.009204 | −0.087% | $684K | $299K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0054% | 8h | 0.009201 | −0.119% | $3.3M | $8.7M | 20x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0075% | 8h | 0.009212 | long leg | $355K | $98K | 50x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009199 | −0.141% | $424K | $226K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009201 | −0.114% | $10K | $80K | 5x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009206 | −0.065% | $5.7M | $16.6M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009205 | −0.076% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDTshort | +0.0100% | 8h | 0.009199 | −0.141% | — | $7.5M | — | |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009197 | −0.163% | $43K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009204 | −0.091% | $184 | — | 5x | as long as short |
Binance PEOPLEUSDT
Bitget PEOPLEUSDT
HTX PEOPLE-USDT
Extended PEOPLE-USD