Funding you earn now, next payment 08:00 UTC−0.0573%/8h= −62.7% APRnext payment −$5.73 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against MEXC+0.076%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.076%, 7d avg −0.011%
=The price spread pays, funding is against you. Gate is 0.087% dearer against MEXC than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.011%): +$9 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.151% in total) that is about 4.0 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 −$5.73 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 | MEXC PEOPLE_USDT | 0.009216 | 0.0068 | pay 0.0068% / 8h | 5h 02m | $689K | $302K | 200x |
| Short | Gate PEOPLE_USDT | 0.009223 | −0.0505 | pay 0.0505% / 8h | 5h 02m | $738K | $1.5M | 50x |
MEXC PEOPLE_USDT
Gate PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. 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
- −$120.33
- Price spread: +0.076% → −0.011%
- $8.71
- Slippage, 4 orders
- −$62.06
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$192.68
- Costs to cover
- 0.811%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 53 min ago; Gate: live order book, just now.
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, 53 min ago | 1.63 bp | 11.5 bp −$11 | 48.6 bp −$486 | 255.4 bp −$25.5K | 499.2 bp −$249.6K |
| Sell Gate live order book, just now | 7.05 bp | 24.3 bp −$24 | 159.1 bp −$1,591 | 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 | +0.031% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDTshort | −0.0505% | 8h | 0.009223 | +0.076% | $738K | $1.5M | 50x | |
| KuCoin PEOPLEUSDTM | −0.0062% | 8h | 0.009202 | −0.152% | $669K | $146K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0028% | 8h | 0.009171 | −0.491% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0035% | 8h | 0.009213 | −0.033% | $1.7M | $2.4M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0067% | 8h | 0.009218 | +0.022% | $3.3M | $8.7M | 20x | as long as short |
| MEXC PEOPLE_USDTlong | +0.0068% | 8h | 0.009216 | long leg | $689K | $302K | 200x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009226 | +0.109% | $427K | $223K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009218 | +0.025% | $10K | $79K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009223 | +0.072% | $5.7M | $16.4M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
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 | 0.009223 | +0.076% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009220 | +0.043% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009221 | +0.054% | $43K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009220 | +0.046% | $185 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0110% | 8h | 0.009224 | +0.087% | $357K | $97K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT