Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against BloFin−0.108%83s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$750.749% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.108%, 7d avg +0.040%
=Funding pays, the price is against you. OKX is 0.148% cheaper against BloFin than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.040%). If the spread goes back, that is −$15 on $10k: about 22 days of funding at the current rate (+$1 a day). The two prices were read 83 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 | BloFin PEOPLE-USDT | 0.009300 | 0.0077 | pay 0.0077% / 8h | 7h 23m | $353K | $88K | 50x |
| Short | OKX PEOPLE-USDT-SWAP | 0.009290 | 0.0100 | get 0.0100% / 8h | 7h 23m | $3.4M | $8.7M | 20x |
BloFin PEOPLE-USDT
OKX PEOPLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- $4.73
- Price spread: −0.108% → +0.040%
- −$14.8
- Slippage, 4 orders
- −$52.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$85
- Costs to cover
- 0.749%
- Break-even
- 132.8 days
Slippage from BloFin: live order book, 46 min ago; OKX: 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 BloFin live order book, 46 min ago | 2.73 bp | 11.0 bp −$11 | 27.8 bp −$278 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 3.24 bp | 20.7 bp −$21 | 58.5 bp −$585 | 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 | −0.1345% | 1h | 0.009284 | −0.176% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0213% | 8h | 0.009293 | −0.075% | $724K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0022% | 8h | 0.009268 | −0.344% | $6K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | −0.0010% | 8h | 0.009290 | −0.108% | $663K | $124K | 50x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0077% | 8h | 0.009300 | long leg | $353K | $88K | 50x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009301 | +0.011% | $431K | $210K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009309 | +0.092% | $9K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009296 | −0.042% | $5.7M | $15.4M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009295 | −0.054% | $1.7M | $2.2M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAPshort | +0.0100% | 8h | 0.009290 | −0.108% | $3.4M | $8.7M | 20x |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009294 | −0.065% | $715K | $308K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009298 | −0.022% | $1.8M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009297 | −0.032% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009295 | −0.054% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009292 | −0.081% | $186 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD