Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.009%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.009%, 7d avg −0.040%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.049% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEOPLE_USDT	0.009382	0.0100	pay 0.0100% / 8h	1h 58m	$733K	$318K	200x
Short	Binance PEOPLEUSDT	0.009383	0.0100	get 0.0100% / 8h	1h 58m	$5.7M	$18.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.040%: $4.92
Slippage, 4 orders: −$45.94
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.02
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from MEXC: live order book, 42 min ago; Binance: live order book, 13 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 MEXC live order book, 42 min ago	1.63 bp	11.9 bp −$12	45.7 bp −$457	271.8 bp −$27.2K	513.2 bp −$256.6K
Sell Binance live order book, 13 min ago	1.07 bp	20.0 bp −$20	63.9 bp −$639	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	−0.0455%	1h	0.009368	−0.145%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0029%	8h	0.009347	−0.375%	$6K	$5K	—	as long as short
BloFin PEOPLE-USDT	+0.0074%	8h	0.009359	−0.245%	$353K	$108K	50x	as long as short
KuCoin PEOPLEUSDTM	+0.0094%	8h	0.009375	−0.075%	$681K	$163K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009371	−0.117%	$445K	$330K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009380	−0.025%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDTshort	+0.0100%	8h	0.009383	+0.009%	$5.7M	$18.4M	50x
Bybit PEOPLEUSDT	+0.0100%	8h	0.009383	+0.011%	$1.7M	$2.8M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009371	−0.117%	$3.4M	$9.7M	20x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009380	−0.021%	$784K	$1.7M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDTlong	+0.0100%	8h	0.009382	long leg	$733K	$318K	200x
Bitget PEOPLEUSDT	+0.0100%	8h	0.009378	−0.043%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009383	+0.011%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009390	+0.085%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009380	−0.019%	$188	—	5x	as long as short