Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX−0.119%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.119%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.140% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PEOPLE-USDT | 0.009244 | 0.0100 | pay 0.0100% / 8h | 4h 36m | — | $7.5M | — |
| Short | MEXC PEOPLE_USDT | 0.009233 | 0.0076 | get 0.0076% / 8h | 4h 36m | $687K | $300K | 200x |
BingX PEOPLE-USDT
MEXC PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- −$5.04
- Price spread: −0.119% → +0.021%
- −$14.05
- Slippage, 4 orders
- −$47.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$81.03
- Costs to cover
- 0.619%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; MEXC: live order book, 14 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 BingX live order book, 1 min ago | 3.79 bp | 16.1 bp −$16 | 46.1 bp −$461 | 390.3 bp −$39.0K | 450.4 bp −$225.2K |
| Sell MEXC live order book, 14 min ago | 2.72 bp | 10.5 bp −$11 | 35.3 bp −$353 | 253.5 bp −$25.4K | 501.3 bp −$250.6K |
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 | −0.0887% | 1h | 0.009226 | −0.197% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0226% | 8h | 0.009247 | +0.032% | $737K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0029% | 8h | 0.009232 | −0.130% | $657K | $151K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0024% | 8h | 0.009214 | −0.326% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0049% | 8h | 0.009234 | −0.108% | $1.7M | $2.4M | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0072% | 8h | 0.009241 | −0.032% | $356K | $98K | 50x | as long as short |
| MEXC PEOPLE_USDTshort | +0.0076% | 8h | 0.009233 | −0.119% | $687K | $300K | 200x | |
| OKX PEOPLE-USDT-SWAP | +0.0078% | 8h | 0.009238 | −0.065% | $3.3M | $8.8M | 20x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009243 | −0.011% | $426K | $226K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009227 | −0.179% | $10K | $80K | 5x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
BloFin PEOPLE-USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009238 | −0.069% | $5.7M | $16.6M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009238 | −0.065% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDTlong | +0.0100% | 8h | 0.009244 | long leg | — | $7.5M | — | |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009241 | −0.032% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009231 | −0.144% | $185 | — | 5x | as long as short |
Binance PEOPLEUSDT
Bitget PEOPLEUSDT
HTX PEOPLE-USDT
Extended PEOPLE-USD