Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.29 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.094%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$660.664% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.437%−$44 · spread now −0.094%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.135% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PEOPLEUSDT | 0.009228 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $5.7M | $16.4M | 50x |
| Short | MEXC PEOPLE_USDT | 0.009219 | 0.0071 | get 0.0071% / 8h | 5h 03m | $689K | $302K | 200x |
Binance PEOPLEUSDT
MEXC PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$6.09
- Price spread: −0.094% → +0.041%
- −$13.49
- Slippage, 4 orders
- −$52.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$85.96
- Costs to cover
- 0.664%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 52 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, 8 min ago | 1.62 bp | 25.3 bp −$25 | 70.1 bp −$701 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 52 min ago | 1.63 bp | 13.6 bp −$14 | 34.4 bp −$344 | 246.7 bp −$24.7K | 488.3 bp −$244.2K |
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 | 0.009214 | −0.149% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0517% | 8h | 0.009221 | −0.072% | $738K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0064% | 8h | 0.009191 | −0.397% | $668K | $146K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0028% | 8h | 0.009171 | −0.617% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0030% | 8h | 0.009216 | −0.126% | $1.7M | $2.4M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0069% | 8h | 0.009219 | −0.094% | $3.3M | $8.7M | 20x | as long as short |
| MEXC PEOPLE_USDTshort | +0.0071% | 8h | 0.009219 | −0.094% | $689K | $302K | 200x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009220 | −0.083% | $427K | $223K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009209 | −0.205% | $10K | $79K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009228 | long leg | $5.7M | $16.4M | 50x |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
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 | −0.050% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009218 | −0.104% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009221 | −0.072% | $43K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009222 | −0.064% | $185 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0110% | 8h | 0.009224 | −0.039% | $357K | $97K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT