Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against MEXC−0.143%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.143%, 7d avg −0.008%

Together, before fees+0.296%+$30 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: OKX is 0.135% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PEOPLE_USDT	0.009076	0.0100	pay 0.0100% / 8h	4h 07m	$681K	$335K	200x
Short	OKX PEOPLE-USDT-SWAP	0.009063	0.0100	get 0.0100% / 8h	4h 07m	$3.3M	$9.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.008%: −$13.5
Slippage, 4 orders: −$35.1
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$62.59
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from MEXC: live order book, 26 min ago; OKX: live order book, 4 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, 26 min ago	1.10 bp	8.1 bp −$8	42.4 bp −$424	260.7 bp −$26.1K	486.6 bp −$243.3K
Sell OKX live order book, 4 min ago	0.55 bp	12.7 bp −$13	33.7 bp −$337	doesn't fit	doesn't fit

PEOPLE on 15 exchanges

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	−0.0672%	1h	0.009072	−0.049%	$35K	$48K	10x	as long as short
Variational Omni PEOPLE	+0.0018%	8h	0.009063	−0.149%	$5K	$5K	—	as long as short
BloFin PEOPLE-USDT	+0.0087%	8h	0.009090	+0.154%	$342K	$108K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009067	−0.099%	$426K	$323K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009079	+0.036%	$11K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009074	−0.025%	$5.5M	$17.3M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009074	−0.022%	$1.7M	$2.7M	50x	as long as short
OKX PEOPLE-USDT-SWAPshort	+0.0100%	8h	0.009063	−0.143%	$3.3M	$9.0M	20x
Gate PEOPLE_USDT	+0.0100%	8h	0.009081	+0.055%	$761K	$1.6M	50x	as long as short
MEXC PEOPLE_USDTlong	+0.0100%	8h	0.009076	long leg	$681K	$335K	200x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009068	−0.088%	$664K	$144K	50x	as long as short
Bitget PEOPLEUSDT	+0.0100%	8h	0.009083	+0.077%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009088	+0.132%	—	$12.4M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009078	+0.022%	$43K	$40K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009073	−0.036%	$182	—	5x	as long as short