Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget−0.013%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.013%, 7d avg +0.049%

Together, before fees+0.079%+$8 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: Binance is 0.062% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PEOPLEUSDT	0.009393	0.0100	pay 0.0100% / 8h	3h 24m	$1.8M	$1.3M	50x
Short	Binance PEOPLEUSDT	0.009392	0.0100	get 0.0100% / 8h	3h 24m	$5.9M	$17.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.049%: −$6.17
Slippage, 4 orders: −$83.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.81
Costs to cover: 1.056%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 16 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 Bitget live order book, 2 min ago	4.78 bp	39.5 bp −$39	142.0 bp −$1,420	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.10 bp	16.6 bp −$17	48.0 bp −$480	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	−0.0394%	1h	0.009404	+0.117%	$36K	$47K	10x	as long as short
Gate PEOPLE_USDT	−0.0126%	8h	0.009406	+0.138%	$727K	$1.6M	50x	as long as short
Variational Omni PEOPLE	−0.0024%	8h	0.009411	+0.189%	$7K	$3K	—	as long as short
KuCoin PEOPLEUSDTM	−0.0019%	8h	0.009397	+0.043%	$663K	$156K	50x	as long as short
BloFin PEOPLE-USDT	+0.0078%	8h	0.009423	+0.319%	$367K	$104K	50x	as long as short
Bybit PEOPLEUSDT	+0.0089%	8h	0.009384	−0.096%	$1.7M	$2.6M	50x	as long as short
MEXC PEOPLE_USDT	+0.0090%	8h	0.009386	−0.075%	$698K	$305K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0091%	8h	0.009391	−0.021%	$3.5M	$9.4M	20x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009399	+0.064%	$487K	$279K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009415	+0.232%	$4K	$87K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PEOPLEUSDTshort	+0.0100%	8h	0.009392	−0.013%	$5.9M	$17.4M	50x
Bitget PEOPLEUSDTlong	+0.0100%	8h	0.009393	long leg	$1.8M	$1.3M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009399	+0.064%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009426	+0.351%	$44K	$50K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009400	+0.077%	$188	—	5x	as long as short