Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Binance−0.049%51s7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$720.720% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.049%, 7d avg −0.015%
=Funding pays, the price is against you. BloFin is 0.034% cheaper against Binance than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.015%). If the spread goes back, that is −$3 on $10k: about 5.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.001% in total) that is about 9 months. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PEOPLEUSDT | 0.009244 | 0.0100 | pay 0.0100% / 8h | 2h 46m | $5.7M | $17.9M | 50x |
| Short | BloFin PEOPLE-USDT | 0.009239 | 0.0120 | get 0.0120% / 8h | 2h 46m | $359K | $104K | 50x |
Binance PEOPLEUSDT
BloFin PEOPLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $4.12
- Price spread: −0.049% → −0.015%
- −$3.39
- Slippage, 4 orders
- −$49.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.25
- Costs to cover
- 0.720%
- Break-even
- 128.1 days
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 26 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 Binance live order book, 10 min ago | 1.07 bp | 18.7 bp −$19 | 60.8 bp −$608 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 0.54 bp | 18.9 bp −$19 | 36.2 bp −$362 | 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 | −0.0595% | 1h | 0.009238 | −0.059% | $36K | $48K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0120% | 8h | 0.009239 | −0.049% | $712K | $1.6M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0044% | 8h | 0.009245 | +0.014% | $7K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0031% | 8h | 0.009236 | −0.082% | $660K | $160K | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0082% | 8h | 0.009231 | −0.136% | $1.7M | $2.7M | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009247 | +0.037% | $438K | $331K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009248 | +0.043% | $11K | $94K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009244 | long leg | $5.7M | $17.9M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009240 | −0.039% | $3.4M | $9.4M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009247 | +0.037% | $702K | $313K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009240 | −0.039% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009240 | −0.039% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009241 | −0.028% | $44K | $50K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009241 | −0.026% | $185 | — | 5x | as long as short |
| BloFin PEOPLE-USDTshort | +0.0120% | 8h | 0.009239 | −0.049% | $359K | $104K | 50x |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD