Funding you earn now, next payment 08:00 UTC+0.0176%/8h= +19.3% APRnext payment +$1.76 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate+0.521%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$1001.001% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 7 days−0.557%−$56 · spread now +0.521%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.504% dearer against Gate than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEOPLE_USDT | 0.009407 | −0.0095 | get 0.0095% / 8h | 3h 53m | $747K | $1.5M | 50x |
| Short | OKX PEOPLE-USDT-SWAP | 0.009456 | 0.0081 | get 0.0081% / 8h | 3h 53m | $3.4M | $9.2M | 20x |
Gate PEOPLE_USDT
OKX PEOPLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $36.99
- Price spread: +0.521% → +0.017%
- $50.4
- Slippage, 4 orders
- −$75.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$12.71
- Costs to cover
- 1.001%
- Break-even
- 9.4 days
Slippage from Gate: live order book, 4 min ago; OKX: live order book, 5 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 | 10.62 bp | 33.6 bp −$34 | 172.3 bp −$1,723 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.59 bp | 18.8 bp −$19 | 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 | −0.0394% | 1h | 0.009396 | −0.116% | $36K | $46K | 10x | as long as short |
| Gate PEOPLE_USDTlong | −0.0095% | 8h | 0.009407 | long leg | $747K | $1.5M | 50x | |
| KuCoin PEOPLEUSDTM | −0.0019% | 8h | 0.009391 | −0.170% | $668K | $152K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0009% | 8h | 0.009408 | +0.009% | $6K | $2K | — | as long as short |
| MEXC PEOPLE_USDT | +0.0079% | 8h | 0.009437 | +0.319% | $700K | $297K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAPshort | +0.0081% | 8h | 0.009456 | +0.521% | $3.4M | $9.2M | 20x | |
| BloFin PEOPLE-USDT | +0.0097% | 8h | 0.009429 | +0.234% | $354K | $102K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009418 | +0.117% | $488K | $267K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009395 | −0.126% | $5K | $86K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009457 | +0.534% | $5.8M | $16.8M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
MEXC PEOPLE_USDT
BloFin 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009446 | +0.415% | $1.7M | $2.5M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009395 | −0.128% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009459 | +0.553% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009404 | −0.032% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009454 | +0.503% | $189 | — | 5x | as long as short |
Bybit PEOPLEUSDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD