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 Bitget0.000%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 7 days+0.077%+$8 · spread now 0.000%, 7d avg +0.053%

Together, before fees−0.141%−$14 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 0.053% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEOPLEUSDT	0.009309	0.0100	pay 0.0100% / 8h	17m 54s	$1.8M	$1.4M	50x
Short	Gate PEOPLE_USDT	0.009309	0.0100	get 0.0100% / 8h	17m 54s	$784K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.053%: −$5.3
Slippage, 4 orders: −$78.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.46
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 5 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 Bitget live order book, 4 min ago	4.83 bp	20.3 bp −$20	89.9 bp −$899	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	8.05 bp	29.5 bp −$30	159.1 bp −$1,591	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	−0.0426%	1h	0.009306	−0.033%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0027%	8h	0.009285	−0.254%	$6K	$5K	—	as long as short
MEXC PEOPLE_USDT	+0.0070%	8h	0.009304	−0.054%	$700K	$325K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0070%	8h	0.009304	−0.054%	$3.4M	$9.7M	20x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009306	−0.032%	$443K	$331K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009298	−0.115%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009307	−0.021%	$5.7M	$18.7M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009301	−0.086%	$1.7M	$2.8M	50x	as long as short
Gate PEOPLE_USDTshort	+0.0100%	8h	0.009309	0.000%	$784K	$1.7M	50x
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009306	−0.032%	$670K	$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 PEOPLEUSDTlong	+0.0100%	8h	0.009309	long leg	$1.8M	$1.4M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009301	−0.086%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009314	+0.054%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009306	−0.037%	$186	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0110%	8h	0.009326	+0.183%	$355K	$111K	50x	as long as short