PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.008%

Price spread now: BloFin against OKX+0.131%7-day average −0.044% · 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−$49as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now +0.131%, 7d avg −0.044%

Together, before fees+0.222%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.175% dearer against OKX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEOPLE-USDT-SWAP	0.009190	0.0047	pay 0.0047% / 8h	7h 31m	$3.4M	$9.5M	20x
Short	BloFin PEOPLE-USDT	0.009202	0.0130	get 0.0130% / 8h	7h 31m	$352K	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.131%Rate

Funding earned: $17.5
Price spread: +0.131% → −0.044%: $17.48
Slippage, 4 orders: −$44.8
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.82
Costs to cover: 0.668%
Break-even: 19.7 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 26 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	15.3 bp −$15	144.6 bp −$1,446	doesn't fit	doesn't fit
Sell BloFin live order book, 26 min ago	1.61 bp	18.9 bp −$19	43.8 bp −$438	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	−0.1149%	1h	0.009183	−0.075%	$36K	$48K	10x	as long as short
Gate PEOPLE_USDT	−0.0304%	8h	0.009208	+0.196%	$774K	$1.7M	50x	as long as short
Bybit PEOPLEUSDT	−0.0121%	8h	0.009193	+0.033%	$1.7M	$2.8M	50x	as long as short
Variational Omni PEOPLE	−0.0032%	8h	0.009241	+0.555%	$6K	$5K	—	as long as short
MEXC PEOPLE_USDT	+0.0044%	8h	0.009195	+0.054%	$691K	$327K	200x	as long as short
OKX PEOPLE-USDT-SWAPlong	+0.0047%	8h	0.009190	long leg	$3.4M	$9.5M	20x
Hyperliquid PEOPLE	+0.0100%	1h	0.009191	+0.011%	$431K	$346K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009212	+0.236%	$11K	$95K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009199	+0.101%	$5.6M	$18.5M	50x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009191	+0.011%	$662K	$165K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009205	+0.163%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009196	+0.065%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009203	+0.141%	$43K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009198	+0.092%	$184	—	5x	as long as short
BloFin PEOPLE-USDTshort	+0.0130%	8h	0.009202	+0.131%	$352K	$111K	50x