Funding you earn now, next payment 08:00 UTC−0.0281%/8h= −30.8% APRnext payment −$2.81 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.032%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1031.033% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.032%, 7d avg −0.017%
=The price spread pays, funding is against you. Gate is 0.049% dearer against OKX than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.017%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.151% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PEOPLE-USDT-SWAP | 0.009325 | 0.0100 | pay 0.0100% / 8h | 6h 23m | $3.3M | $8.9M | 20x |
| Short | Gate PEOPLE_USDT | 0.009328 | −0.0181 | pay 0.0181% / 8h | 6h 23m | $709K | $1.5M | 50x |
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$59.01
- Price spread: +0.032% → −0.017%
- $4.89
- Slippage, 4 orders
- −$78.27
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$157.39
- Costs to cover
- 1.033%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 | 3.21 bp | 17.6 bp −$18 | 54.1 bp −$541 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 11.75 bp | 36.8 bp −$37 | 188.0 bp −$1,880 | doesn't fit | doesn't fit |
PEOPLE on 14 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 | −0.1274% | 1h | 0.009321 | −0.041% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDTshort | −0.0181% | 8h | 0.009328 | +0.032% | $709K | $1.5M | 50x | |
| Variational Omni PEOPLE | −0.0028% | 8h | 0.009373 | +0.514% | $6K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0037% | 8h | 0.009335 | +0.107% | $682K | $146K | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0060% | 8h | 0.009326 | +0.011% | $1.7M | $2.3M | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009332 | +0.075% | $431K | $223K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009346 | +0.223% | $8K | $73K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009337 | +0.128% | $5.7M | $16.2M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAPlong | +0.0100% | 8h | 0.009325 | long leg | $3.3M | $8.9M | 20x | |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009343 | +0.193% | $698K | $295K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
MEXC PEOPLE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009336 | +0.118% | $1.9M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009324 | −0.011% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009326 | +0.011% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009334 | +0.101% | $187 | — | 5x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD