PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1336%/8h= +146.2% APRnext payment +$13.36 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against Gate+0.109%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.109%, 7d avg −0.047%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and BloFin is 0.156% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.047%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.186% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.36 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	Gate PEOPLE_USDT	0.009207	−0.1224	get 0.1224% / 8h	7h 50m	$720K	$1.4M	50x
Short	BloFin PEOPLE-USDT	0.009217	0.0112	get 0.0112% / 8h	7h 50m	$348K	$87K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.109%Rate

Funding earned: $280.46
Price spread: +0.109% → −0.047%: $15.61
Slippage, 4 orders: −$75.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $193.64
Costs to cover: 1.024%
Break-even: 2.2 days

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 20 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 Gate live order book, 2 min ago	5.43 bp	39.1 bp −$39	188.9 bp −$1,889	doesn't fit	doesn't fit
Sell BloFin live order book, 20 min ago	2.73 bp	21.6 bp −$22	37.2 bp −$372	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	−0.1357%	1h	0.009206	−0.016%	$36K	$45K	10x	as long as short
Gate PEOPLE_USDTlong	−0.1224%	8h	0.009207	long leg	$720K	$1.4M	50x
Bybit PEOPLEUSDT	−0.0176%	8h	0.009205	−0.022%	$1.6M	$2.2M	50x	as long as short
KuCoin PEOPLEUSDTM	−0.0068%	8h	0.009208	+0.011%	$659K	$123K	50x	as long as short
Variational Omni PEOPLE	−0.0021%	8h	0.009209	+0.017%	$6K	$3K	—	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009213	+0.065%	$427K	$213K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009224	+0.185%	$8K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009210	+0.033%	$5.6M	$15.3M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009214	+0.076%	$3.4M	$8.6M	20x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009205	−0.022%	$680K	$302K	200x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009216	+0.098%	$1.7M	$1.2M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009207	0.000%	—	$5.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009213	+0.065%	$44K	$52K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009209	+0.027%	$184	—	5x	as long as short
BloFin PEOPLE-USDTshort	+0.0112%	8h	0.009217	+0.109%	$348K	$87K	50x