Settings8H · net · $10k
Funding arb · Price arb /

PEOPLE

all PEOPLE markets
SwapBacktest
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: BingX against Bitget−0.043%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1311.307% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.105%+$10 · spread now −0.043%, 7d avg +0.050%
Together, before fees+0.105%+$10 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: BingX is 0.093% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PEOPLEUSDT0.0093820.0100pay 0.0100% / 8h3h 20m$1.8M$1.3M50x
ShortBingX PEOPLE-USDT0.0093780.0100get 0.0100% / 8h3h 20m$7.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Funding earned
$0
Price spread: −0.043% → +0.050%
−$9.26
Slippage, 4 orders
−$108.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$140.01
Costs to cover
1.307%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago2.67 bp32.4 bp −$32112.6 bp −$1,126doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago5.89 bp21.9 bp −$2242.1 bp −$421275.2 bp −$27.5K426.7 bp −$213.4K

PEOPLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSD−0.0396%1h0.009363−0.199%$36K$47K10xas long as short
Gate PEOPLE_USDT−0.0146%8h0.009369−0.139%$724K$1.6M50xas long as short
Variational Omni PEOPLE−0.0032%8h0.009350−0.337%$7K$3Kas long as short
KuCoin PEOPLEUSDTM−0.0011%8h0.009361−0.224%$669K$158K50xas long as short
MEXC PEOPLE_USDT+0.0079%8h0.009373−0.096%$714K$308K200xas long as short
OKX PEOPLE-USDT-SWAP+0.0080%8h0.009376−0.064%$3.5M$9.4M20xas long as short
Bybit PEOPLEUSDT+0.0088%8h0.009373−0.096%$1.7M$2.6M50xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009383+0.011%$486K$280K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009380−0.022%$4K$87K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009380−0.022%$5.9M$17.5M50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDTlong+0.0100%8h0.009382long leg$1.8M$1.3M50x
BingX PEOPLE-USDTshort+0.0100%8h0.009378−0.043%$7.5M
HTX PEOPLE-USDT+0.0100%8h0.009365−0.181%$44K$50K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009372−0.108%$1875xas long as short
BloFin PEOPLE-USDT+0.0127%8h0.009369−0.139%$368K$104K50xas long as short