Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against OKX+0.119%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days−0.160%−$16 · spread now +0.119%, 7d avg −0.072%

Together, before fees−0.092%−$9 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 0.192% dearer against OKX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEOPLE-USDT-SWAP	0.009207	0.0100	pay 0.0100% / 8h	1m 34s	$3.4M	$8.6M	20x
Short	Bitget PEOPLEUSDT	0.009218	0.0100	get 0.0100% / 8h	1m 34s	$1.7M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → −0.072%: $19.18
Slippage, 4 orders: −$57.69
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.51
Costs to cover: 0.797%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: 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 OKX live order book, 2 min ago	1.63 bp	18.7 bp −$19	65.7 bp −$657	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.91 bp	21.2 bp −$21	52.8 bp −$528	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	−0.1064%	1h	0.009209	+0.017%	$36K	$45K	10x	as long as short
KuCoin PEOPLEUSDTM	−0.0098%	8h	0.009196	−0.119%	$658K	$123K	50x	as long as short
Variational Omni PEOPLE	−0.0013%	8h	0.009143	−0.692%	$6K	$3K	—	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009214	+0.076%	$427K	$213K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009213	+0.065%	$8K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009206	−0.011%	$5.6M	$15.3M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009207	0.000%	$1.6M	$2.2M	50x	as long as short
OKX PEOPLE-USDT-SWAPlong	+0.0100%	8h	0.009207	long leg	$3.4M	$8.6M	20x
Gate PEOPLE_USDT	+0.0100%	8h	0.009203	−0.043%	$724K	$1.5M	50x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009209	+0.022%	$680K	$308K	200x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDTshort	+0.0100%	8h	0.009218	+0.119%	$1.7M	$1.1M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009212	+0.054%	—	$5.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009200	−0.076%	$44K	$52K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009205	−0.020%	$184	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0126%	8h	0.009200	−0.076%	$347K	$87K	50x	as long as short