Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.065%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$810.810% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.065%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.086% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PEOPLE-USDT-SWAP | 0.009218 | 0.0067 | pay 0.0067% / 8h | 5h 01m | $3.3M | $8.7M | 20x |
| Short | Binance PEOPLEUSDT | 0.009224 | 0.0100 | get 0.0100% / 8h | 5h 01m | $5.7M | $16.4M | 50x |
OKX PEOPLE-USDT-SWAP
Binance PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $6.94
- Price spread: +0.065% → −0.021%
- $8.58
- Slippage, 4 orders
- −$61.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.5
- Costs to cover
- 0.810%
- Break-even
- 73.1 days
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 9 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 OKX live order book, 1 min ago | 1.63 bp | 18.9 bp −$19 | 90.2 bp −$902 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.62 bp | 16.0 bp −$16 | 39.1 bp −$391 | 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 | +0.009% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0505% | 8h | 0.009223 | +0.054% | $738K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0062% | 8h | 0.009204 | −0.152% | $670K | $146K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0028% | 8h | 0.009171 | −0.513% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0035% | 8h | 0.009213 | −0.054% | $1.7M | $2.4M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAPlong | +0.0067% | 8h | 0.009218 | long leg | $3.3M | $8.7M | 20x | |
| MEXC PEOPLE_USDT | +0.0068% | 8h | 0.009217 | −0.011% | $689K | $302K | 200x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009224 | +0.065% | $427K | $223K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009219 | +0.008% | $10K | $79K | 5x | as long as short |
| Binance PEOPLEUSDTshort | +0.0100% | 8h | 0.009224 | +0.065% | $5.7M | $16.4M | 50x |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
Hyperliquid PEOPLE
Aster 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 | +0.054% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009219 | +0.011% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009221 | +0.033% | $43K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009220 | +0.025% | $185 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0110% | 8h | 0.009224 | +0.065% | $357K | $97K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT