Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.38 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against BloFin−0.075%7-day average +0.042% · 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−$85as in the Price arb table
costs, in and out, $10k−$730.728% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.075%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.118% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEOPLE-USDT | 0.009287 | 0.0122 | pay 0.0122% / 8h | 4h 16m | $355K | $100K | 50x |
| Short | OKX PEOPLE-USDT-SWAP | 0.009280 | 0.0084 | get 0.0084% / 8h | 4h 16m | $3.3M | $8.9M | 20x |
BloFin PEOPLE-USDT
OKX PEOPLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$7.93
- Price spread: −0.075% → +0.042%
- −$11.77
- Slippage, 4 orders
- −$50.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$92.46
- Costs to cover
- 0.728%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; 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 BloFin live order book, 5 min ago | 2.68 bp | 19.3 bp −$19 | 39.4 bp −$394 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 3.77 bp | 16.7 bp −$17 | 42.1 bp −$421 | 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 | −0.0882% | 1h | 0.009285 | −0.025% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0147% | 8h | 0.009288 | +0.011% | $740K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0020% | 8h | 0.009287 | 0.000% | $661K | $151K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0014% | 8h | 0.009279 | −0.088% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0081% | 8h | 0.009278 | −0.097% | $1.7M | $2.4M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0083% | 8h | 0.009283 | −0.043% | $689K | $301K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAPshort | +0.0084% | 8h | 0.009280 | −0.075% | $3.3M | $8.9M | 20x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009291 | +0.043% | $457K | $248K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009293 | +0.064% | $5K | $84K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009294 | +0.077% | $5.7M | $16.7M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009286 | −0.011% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009280 | −0.075% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009281 | −0.065% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009292 | +0.050% | $186 | — | 5x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0122% | 8h | 0.009287 | long leg | $355K | $100K | 50x |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD