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: HTX against MEXC+0.139%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.139% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEOPLE_USDT	0.009366	0.0100	pay 0.0100% / 8h	2h 05m	$721K	$326K	200x
Short	HTX PEOPLE-USDT	0.009379	0.0100	get 0.0100% / 8h	2h 05m	$44K	$51K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → 0.000%: $13.88
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$2.12
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 35 min ago; HTX: no order-book sample. Net counts fees only.

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, 35 min ago	1.63 bp	11.9 bp −$12	45.7 bp −$457	271.8 bp −$27.2K	513.2 bp −$256.6K
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0587%	1h	0.009369	+0.031%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0036%	8h	0.009367	+0.009%	$6K	$5K	—	as long as short
KuCoin PEOPLEUSDTM	+0.0082%	8h	0.009368	+0.021%	$681K	$163K	50x	as long as short
BloFin PEOPLE-USDT	+0.0099%	8h	0.009402	+0.384%	$349K	$108K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009371	+0.053%	$445K	$329K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009364	−0.020%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009376	+0.107%	$5.7M	$18.4M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009363	−0.032%	$1.7M	$2.8M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009367	+0.011%	$3.4M	$9.7M	20x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009376	+0.107%	$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	0.009366	long leg	$721K	$326K	200x
Bitget PEOPLEUSDT	+0.0100%	8h	0.009367	+0.011%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009365	−0.011%	—	$7.5M	—	as long as short
HTX PEOPLE-USDTshort	+0.0100%	8h	0.009379	+0.139%	$44K	$51K	50x
Extended PEOPLE-USD	+0.0104%	1h	0.009373	+0.077%	$188	—	5x	as long as short