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: Bitget against Gate+0.312%7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as 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−0.364%−$36 · spread now +0.312%, 7d avg −0.055%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.367% dearer against Gate than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.055%.
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 | Gate PEOPLE_USDT | 0.009289 | −0.0297 | get 0.0297% / 8h | 7h 17m | $724K | $1.5M | 50x |
| Short | Bitget PEOPLEUSDT | 0.009318 | 0.0100 | get 0.0100% / 8h | 7h 17m | $1.8M | $1.2M | 50x |
Gate PEOPLE_USDT
Bitget PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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: +0.312% → −0.055%
- $36.69
- Slippage, 4 orders
- −$88.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $5
- Costs to cover
- 1.151%
- Break-even
- 6.6 days
Slippage from Gate: live order book, 4 min ago; Bitget: 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 Gate live order book, 4 min ago | 9.67 bp | 36.2 bp −$36 | 205.3 bp −$2,053 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.38 bp | 19.3 bp −$19 | 43.1 bp −$431 | 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 | −0.055% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDTlong | −0.0297% | 8h | 0.009289 | long leg | $724K | $1.5M | 50x | |
| Variational Omni PEOPLE | −0.0032% | 8h | 0.009280 | −0.097% | $6K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | −0.0002% | 8h | 0.009278 | −0.118% | $663K | $124K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009304 | +0.161% | $431K | $211K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009273 | −0.173% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009306 | +0.183% | $5.7M | $15.4M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009296 | +0.075% | $1.7M | $2.2M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009303 | +0.151% | $3.4M | $8.7M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009297 | +0.086% | $714K | $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 PEOPLEUSDTshort | +0.0100% | 8h | 0.009318 | +0.312% | $1.8M | $1.2M | 50x | |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009303 | +0.151% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009255 | −0.366% | $44K | $52K | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0104% | 8h | 0.009263 | −0.280% | $351K | $88K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009304 | +0.157% | $186 | — | 5x | as long as short |
BingX PEOPLE-USDT
HTX PEOPLE-USDT
BloFin PEOPLE-USDT
Extended PEOPLE-USD