Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against OKX+0.159%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$860.862% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now +0.159%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.180% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PEOPLE-USDT-SWAP | 0.009429 | 0.0090 | pay 0.0090% / 8h | 3h 49m | $3.4M | $9.2M | 20x |
| Short | BingX PEOPLE-USDT | 0.009444 | 0.0100 | get 0.0100% / 8h | 3h 49m | — | $7.5M | — |
OKX PEOPLE-USDT-SWAP
BingX PEOPLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- $2.05
- Price spread: +0.159% → −0.021%
- $18
- Slippage, 4 orders
- −$66.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$66.14
- Costs to cover
- 0.862%
- Break-even
- 232.9 days
Slippage from OKX: live order book, 4 min ago; BingX: live order book, 3 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 OKX live order book, 4 min ago | 1.59 bp | 20.3 bp −$20 | 78.8 bp −$788 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.23 bp | 18.3 bp −$18 | 46.9 bp −$469 | 364.6 bp −$36.5K | 490.1 bp −$245.1K |
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 | −0.0391% | 1h | 0.009480 | +0.540% | $36K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0087% | 8h | 0.009459 | +0.318% | $751K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0012% | 8h | 0.009474 | +0.477% | $665K | $154K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0011% | 8h | 0.009511 | +0.868% | $6K | $2K | — | as long as short |
| MEXC PEOPLE_USDT | +0.0090% | 8h | 0.009455 | +0.276% | $696K | $298K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAPlong | +0.0090% | 8h | 0.009429 | long leg | $3.4M | $9.2M | 20x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009450 | +0.223% | $489K | $269K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009489 | +0.639% | $4K | $87K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009438 | +0.100% | $5.9M | $17.0M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009427 | −0.021% | $1.7M | $2.5M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
MEXC PEOPLE_USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009449 | +0.212% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDTshort | +0.0100% | 8h | 0.009444 | +0.159% | — | $7.5M | — | |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009483 | +0.573% | $45K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009477 | +0.514% | $190 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0105% | 8h | 0.009539 | +1.167% | $362K | $104K | 50x | as long as short |
Bitget PEOPLEUSDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT