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: Gate against Binance+0.117%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.117%, 7d avg +0.005%

Together, before fees−0.313%−$31 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: Gate is 0.112% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PEOPLEUSDT	0.009350	0.0100	pay 0.0100% / 8h	2h 02m	$5.7M	$18.4M	50x
Short	Gate PEOPLE_USDT	0.009361	0.0100	get 0.0100% / 8h	2h 02m	$782K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.005%: $11.23
Slippage, 4 orders: −$66.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$80.31
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: live order book, just now.

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 Binance live order book, 9 min ago	1.07 bp	17.6 bp −$18	65.7 bp −$657	doesn't fit	doesn't fit
Sell Gate live order book, just now	9.61 bp	29.8 bp −$30	171.8 bp −$1,718	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	−0.0588%	1h	0.009347	−0.032%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0036%	8h	0.009367	+0.180%	$6K	$5K	—	as long as short
KuCoin PEOPLEUSDTM	+0.0087%	8h	0.009347	−0.032%	$679K	$163K	50x	as long as short
BloFin PEOPLE-USDT	+0.0095%	8h	0.009358	+0.085%	$351K	$108K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009349	−0.011%	$444K	$329K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009349	−0.015%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDTlong	+0.0100%	8h	0.009350	long leg	$5.7M	$18.4M	50x
Bybit PEOPLEUSDT	+0.0100%	8h	0.009347	−0.032%	$1.7M	$2.8M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009345	−0.054%	$3.4M	$9.7M	20x	as long as short
Gate PEOPLE_USDTshort	+0.0100%	8h	0.009361	+0.117%	$782K	$1.7M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009352	+0.021%	$720K	$326K	200x	as long as short
Bitget PEOPLEUSDT	+0.0100%	8h	0.009348	−0.022%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009353	+0.032%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009356	+0.064%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009355	+0.057%	$188	—	5x	as long as short