Funding you earn now, next payment 08:00 UTC+0.0586%/8h= +64.1% APRnext payment +$5.86 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate−0.043%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$930.935% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now −0.043%, 7d avg +0.017%
=Funding pays, the price is against you. OKX is 0.060% cheaper against Gate than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.017%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.151% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.151% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEOPLE_USDT | 0.009219 | −0.0517 | get 0.0517% / 8h | 5h 03m | $737K | $1.5M | 50x |
| Short | OKX PEOPLE-USDT-SWAP | 0.009215 | 0.0069 | get 0.0069% / 8h | 5h 03m | $3.3M | $8.7M | 20x |
Gate PEOPLE_USDT
OKX PEOPLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $123.02
- Price spread: −0.043% → +0.017%
- −$6.01
- Slippage, 4 orders
- −$68.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $23.55
- Costs to cover
- 0.935%
- Break-even
- 5.7 days
Slippage from Gate: live order book, 4 min ago; OKX: 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 Gate live order book, 4 min ago | 6.52 bp | 24.0 bp −$24 | 165.2 bp −$1,652 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.54 bp | 18.3 bp −$18 | 44.5 bp −$445 | 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 | 0.009214 | −0.056% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDTlong | −0.0517% | 8h | 0.009219 | long leg | $737K | $1.5M | 50x | |
| KuCoin PEOPLEUSDTM | −0.0064% | 8h | 0.009189 | −0.325% | $668K | $146K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0028% | 8h | 0.009171 | −0.524% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0030% | 8h | 0.009211 | −0.087% | $1.7M | $2.4M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAPshort | +0.0069% | 8h | 0.009215 | −0.043% | $3.3M | $8.7M | 20x | |
| MEXC PEOPLE_USDT | +0.0071% | 8h | 0.009215 | −0.043% | $689K | $302K | 200x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009219 | 0.000% | $427K | $223K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009207 | −0.130% | $10K | $79K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009224 | +0.051% | $5.7M | $16.4M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009221 | +0.022% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009219 | 0.000% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009221 | +0.022% | $43K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009222 | +0.030% | $185 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0110% | 8h | 0.009224 | +0.054% | $357K | $97K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT