Funding you earn now, next payment 08:00 UTC−0.0678%/8h= −74.2% APRnext payment −$6.78 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance−0.022%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$980.976% of the position
Funding, last 7 days−0.185%−$18 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now −0.022%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Gate is 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.185% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.78 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 | Binance PEOPLEUSDT | 0.009225 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $5.7M | $16.2M | 50x |
| Short | Gate PEOPLE_USDT | 0.009223 | −0.0578 | pay 0.0578% / 8h | 5h 53m | $702K | $1.4M | 50x |
Binance PEOPLEUSDT
Gate PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$142.38
- Price spread: −0.022% → +0.004%
- −$2.59
- Slippage, 4 orders
- −$72.58
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$242.54
- Costs to cover
- 0.976%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Gate: 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 Binance live order book, 2 min ago | 1.08 bp | 24.6 bp −$25 | 65.2 bp −$652 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 6.52 bp | 28.0 bp −$28 | 187.9 bp −$1,879 | doesn't fit | doesn't fit |
PEOPLE on 14 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 | −0.070% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDTshort | −0.0578% | 8h | 0.009223 | −0.022% | $702K | $1.4M | 50x | |
| Variational Omni PEOPLE | −0.0021% | 8h | 0.009267 | +0.455% | $6K | $2K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0010% | 8h | 0.009205 | −0.217% | $672K | $146K | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0070% | 8h | 0.009210 | −0.163% | $1.7M | $2.3M | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009221 | −0.043% | $427K | $223K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009218 | −0.075% | $10K | $76K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009225 | long leg | $5.7M | $16.2M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009218 | −0.076% | $3.3M | $8.7M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009213 | −0.130% | $682K | $297K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009219 | −0.065% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009217 | −0.087% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009224 | −0.011% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009219 | −0.060% | $185 | — | 5x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD