Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.108%101s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.753% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.469%−$47 · spread now +0.108%, 7d avg +0.008%
=The price spread pays, funding is against you. Binance is 0.099% dearer against BloFin than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.008%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−0.001% in total) that is about years. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEOPLE-USDT | 0.009224 | 0.0110 | pay 0.0110% / 8h | 5h 01m | $357K | $97K | 50x |
| Short | Binance PEOPLEUSDT | 0.009234 | 0.0100 | get 0.0100% / 8h | 5h 01m | $5.7M | $16.4M | 50x |
BloFin PEOPLE-USDT
Binance PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$2.05
- Price spread: +0.108% → +0.008%
- $9.93
- Slippage, 4 orders
- −$53.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.46
- Costs to cover
- 0.753%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; Binance: live order book, 9 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 BloFin live order book, 30 min ago | 2.14 bp | 14.6 bp −$15 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.62 bp | 16.0 bp −$16 | 39.1 bp −$391 | 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 | −0.1079% | 1h | 0.009219 | −0.056% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0494% | 8h | 0.009223 | −0.011% | $738K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0061% | 8h | 0.009206 | −0.195% | $670K | $146K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0028% | 8h | 0.009171 | −0.578% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0032% | 8h | 0.009220 | −0.043% | $1.7M | $2.4M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0066% | 8h | 0.009228 | +0.043% | $690K | $302K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0067% | 8h | 0.009227 | +0.033% | $3.3M | $8.7M | 20x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009234 | +0.108% | $427K | $223K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009220 | −0.042% | $10K | $79K | 5x | as long as short |
| Binance PEOPLEUSDTshort | +0.0100% | 8h | 0.009234 | +0.108% | $5.7M | $16.4M | 50x |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009224 | 0.000% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009224 | 0.000% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009221 | −0.033% | $43K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009230 | +0.061% | $185 | — | 5x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0110% | 8h | 0.009224 | long leg | $357K | $97K | 50x |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD