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: BingX against Gate−0.161%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$990.987% of the position

Long on Gate Short on BingX

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+0.154%+$15 · spread now −0.161%, 7d avg −0.003%

Together, before fees+0.373%+$37 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 0.157% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEOPLE_USDT	0.009344	0.0100	pay 0.0100% / 8h	37m 00s	$787K	$1.7M	50x
Short	BingX PEOPLE-USDT	0.009329	0.0100	get 0.0100% / 8h	37m 00s	—	$10.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.003%: −$15.73
Slippage, 4 orders: −$73.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$114.4
Costs to cover: 0.987%
Break-even: never at this rate

Slippage from Gate: live order book, just now; BingX: live order book, 1 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 Gate live order book, just now	9.11 bp	26.7 bp −$27	166.1 bp −$1,661	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.82 bp	24.7 bp −$25	52.2 bp −$522	322.7 bp −$32.3K	406.3 bp −$203.1K

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	−0.0425%	1h	0.009324	−0.219%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0036%	8h	0.009366	+0.232%	$6K	$5K	—	as long as short
Bybit PEOPLEUSDT	+0.0094%	8h	0.009336	−0.086%	$1.7M	$2.8M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0096%	8h	0.009327	−0.182%	$3.4M	$9.7M	20x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009334	−0.107%	$444K	$331K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009347	+0.035%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009343	−0.006%	$5.7M	$18.7M	50x	as long as short
Gate PEOPLE_USDTlong	+0.0100%	8h	0.009344	long leg	$787K	$1.7M	50x
MEXC PEOPLE_USDT	+0.0100%	8h	0.009338	−0.064%	$712K	$322K	200x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009341	−0.032%	$673K	$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 PEOPLEUSDT	+0.0100%	8h	0.009346	+0.021%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDTshort	+0.0100%	8h	0.009329	−0.161%	—	$10.7M	—
HTX PEOPLE-USDT	+0.0100%	8h	0.009339	−0.054%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009342	−0.018%	$187	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0115%	8h	0.009330	−0.150%	$352K	$110K	50x	as long as short