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: Bitget against MEXC+0.161%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.161%, 7d avg −0.077%

Together, before fees−0.152%−$15 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: Bitget is 0.238% dearer against MEXC than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEOPLE_USDT	0.009291	0.0100	pay 0.0100% / 8h	5h 35m	$686K	$298K	200x
Short	Bitget PEOPLEUSDT	0.009306	0.0100	get 0.0100% / 8h	5h 35m	$1.8M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → −0.077%: $23.84
Slippage, 4 orders: −$54.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.49
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from MEXC: live order book, 20 min ago; Bitget: 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 MEXC live order book, 20 min ago	1.63 bp	11.5 bp −$11	48.6 bp −$486	255.4 bp −$25.5K	499.2 bp −$249.6K
Sell Bitget live order book, 1 min ago	6.46 bp	22.1 bp −$22	64.5 bp −$645	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	−0.1068%	1h	0.009314	+0.243%	$36K	$46K	10x	as long as short
Gate PEOPLE_USDT	−0.0589%	8h	0.009295	+0.043%	$748K	$1.5M	50x	as long as short
Variational Omni PEOPLE	−0.0026%	8h	0.009297	+0.061%	$6K	$2K	—	as long as short
KuCoin PEOPLEUSDTM	−0.0014%	8h	0.009301	+0.108%	$676K	$147K	50x	as long as short
Bybit PEOPLEUSDT	+0.0053%	8h	0.009297	+0.065%	$1.7M	$2.4M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009291	0.000%	$429K	$225K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009306	+0.159%	$9K	$77K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009308	+0.183%	$5.8M	$16.3M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009305	+0.151%	$3.3M	$8.8M	20x	as long as short
MEXC PEOPLE_USDTlong	+0.0100%	8h	0.009291	long leg	$686K	$298K	200x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDTshort	+0.0100%	8h	0.009306	+0.161%	$1.8M	$1.2M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009294	+0.032%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009310	+0.204%	$44K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009310	+0.208%	$186	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0129%	8h	0.009269	−0.237%	$355K	$97K	50x	as long as short