PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$2.40 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against BloFin−1.672%543s7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as 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−$940.939% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 3 days (all we have)+1.686%+$169 · spread now −1.672%, 7d avg +0.043%

Together, before fees+1.501%+$150 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 1.715% cheaper against BloFin than usual: you would sell low and buy high (−$171 if the spread goes back to its 7-day average of +0.043%). Swap the legs. The two prices were read 543 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	0.009330	0.0081	pay 0.0081% / 8h	6h 39m	$356K	$90K	50x
Short	Gate PEOPLE_USDT	0.009174	−0.0159	pay 0.0159% / 8h	6h 39m	$699K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −1.672%Rate

Funding earned: −$50.35
Price spread: −1.672% → +0.043%: −$171.5
Slippage, 4 orders: −$66.89
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$315.74
Costs to cover: 0.939%
Break-even: never at this rate

Slippage from BloFin: live order book, 25 min ago; Gate: live order book, 2 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, 25 min ago	3.19 bp	10.8 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	9.73 bp	31.3 bp −$31	182.6 bp −$1,826	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	−0.1293%	1h	0.009184	−1.568%	$36K	$45K	10x	as long as short
Gate PEOPLE_USDTshort	−0.0159%	8h	0.009174	−1.672%	$699K	$1.4M	50x
Variational Omni PEOPLE	−0.0020%	8h	0.009223	−1.146%	$6K	$3K	—	as long as short
KuCoin PEOPLEUSDTM	+0.0025%	8h	0.009178	−1.629%	$692K	$140K	50x	as long as short
BloFin PEOPLE-USDTlong	+0.0081%	8h	0.009330	long leg	$356K	$90K	50x
Hyperliquid PEOPLE	+0.0100%	1h	0.009187	−1.533%	$424K	$217K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009179	−1.618%	$7K	$73K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009186	−1.543%	$5.6M	$16.0M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009185	−1.554%	$1.7M	$2.3M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009175	−1.661%	$3.3M	$8.7M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009193	−1.468%	$683K	$293K	200x	as long as short
Bitget PEOPLEUSDT	+0.0100%	8h	0.009195	−1.447%	$1.8M	$1.2M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009186	−1.543%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009200	−1.393%	$43K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009176	−1.651%	$184	—	5x	as long as short