Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.152%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.152%, 7d avg −0.078%

Together, before fees−0.172%−$17 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: Bitget is 0.230% dearer against MEXC than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEOPLE_USDT	0.009186	0.0100	pay 0.0100% / 8h	39m 01s	$680K	$305K	200x
Short	Bitget PEOPLEUSDT	0.009200	0.0100	get 0.0100% / 8h	39m 01s	$1.7M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → −0.078%: $23.04
Slippage, 4 orders: −$38.1
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.06
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from MEXC: live order book, 31 min ago; Bitget: live order book, 3 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 MEXC live order book, 31 min ago	1.09 bp	9.1 bp −$9	40.9 bp −$409	261.4 bp −$26.1K	511.6 bp −$255.8K
Sell Bitget live order book, 3 min ago	4.89 bp	18.8 bp −$19	44.8 bp −$448	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	−0.1068%	1h	0.009176	−0.104%	$36K	$45K	10x	as long as short
KuCoin PEOPLEUSDTM	−0.0103%	8h	0.009173	−0.142%	$655K	$123K	50x	as long as short
Variational Omni PEOPLE	−0.0008%	8h	0.009191	+0.058%	$6K	$3K	—	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009188	+0.022%	$426K	$213K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009207	+0.229%	$8K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009184	−0.022%	$5.6M	$15.2M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009180	−0.065%	$1.6M	$2.2M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009180	−0.065%	$3.3M	$8.5M	20x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009191	+0.054%	$774K	$1.4M	50x	as long as short
MEXC PEOPLE_USDTlong	+0.0100%	8h	0.009186	long leg	$680K	$305K	200x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDTshort	+0.0100%	8h	0.009200	+0.152%	$1.7M	$1.1M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009186	0.000%	—	$5.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009188	+0.022%	$44K	$52K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009185	−0.013%	$184	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0122%	8h	0.009182	−0.044%	$350K	$86K	50x	as long as short