Funding you earn now, next payment 08:00 UTC+0.0729%/8h= +79.8% APRnext payment +$7.29 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Gate−0.162%108s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$840.845% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)+0.456%+$46 · spread now −0.162%, 7d avg −0.043%
=Funding pays, the price is against you. BloFin is 0.119% cheaper against Gate than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of −0.043%). If the spread goes back, that is −$12 on $10k: about 13 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.186% in total) that is about 4.5 days. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.186% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.29 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 | 0.009259 | −0.0604 | get 0.0604% / 8h | 5h 37m | $745K | $1.5M | 50x |
| Short | BloFin PEOPLE-USDT | 0.009244 | 0.0125 | get 0.0125% / 8h | 5h 37m | $354K | $96K | 50x |
Gate PEOPLE_USDT
BloFin PEOPLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $153.06
- Price spread: −0.162% → −0.043%
- −$11.91
- Slippage, 4 orders
- −$57.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $56.7
- Costs to cover
- 0.845%
- Break-even
- 4.4 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 88 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, 5 min ago | 7.00 bp | 24.4 bp −$24 | 151.0 bp −$1,510 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 88 min ago | 3.19 bp | 19.5 bp −$19 | 44.7 bp −$447 | 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 | −0.1074% | 1h | 0.009256 | −0.029% | $36K | $46K | 10x | as long as short |
| Gate PEOPLE_USDTlong | −0.0604% | 8h | 0.009259 | long leg | $745K | $1.5M | 50x | |
| Variational Omni PEOPLE | −0.0026% | 8h | 0.009276 | +0.180% | $6K | $2K | — | as long as short |
| KuCoin PEOPLEUSDTM | −0.0016% | 8h | 0.009263 | +0.043% | $674K | $147K | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0063% | 8h | 0.009260 | +0.011% | $1.7M | $2.4M | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009270 | +0.119% | $429K | $225K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009259 | +0.005% | $9K | $77K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009262 | +0.029% | $5.7M | $16.3M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009259 | 0.000% | $3.3M | $8.8M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009258 | −0.011% | $684K | $298K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance 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 PEOPLEUSDT | +0.0100% | 8h | 0.009267 | +0.086% | $1.8M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009259 | 0.000% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009263 | +0.043% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009259 | +0.002% | $186 | — | 5x | as long as short |
| BloFin PEOPLE-USDTshort | +0.0125% | 8h | 0.009244 | −0.162% | $354K | $96K | 50x |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD