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: MEXC against OKX+0.033%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.033%, 7d avg +0.007%

Together, before fees−0.148%−$15 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: MEXC is 0.025% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEOPLE-USDT-SWAP	0.009219	0.0100	pay 0.0100% / 8h	5h 48m	$3.3M	$8.7M	20x
Short	MEXC PEOPLE_USDT	0.009222	0.0100	get 0.0100% / 8h	5h 48m	$681K	$297K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.007%: $2.51
Slippage, 4 orders: −$57.81
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$69.3
Costs to cover: 0.718%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 7 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 OKX live order book, 5 min ago	1.62 bp	22.8 bp −$23	81.1 bp −$811	doesn't fit	doesn't fit
Sell MEXC live order book, 7 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 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	0.009218	−0.009%	$36K	$45K	10x	as long as short
Gate PEOPLE_USDT	−0.0633%	8h	0.009222	+0.033%	$735K	$1.5M	50x	as long as short
Variational Omni PEOPLE	−0.0021%	8h	0.009240	+0.225%	$6K	$2K	—	as long as short
KuCoin PEOPLEUSDTM	0.0000%	8h	0.009243	+0.260%	$672K	$147K	50x	as long as short
Bybit PEOPLEUSDT	+0.0091%	8h	0.009219	0.000%	$1.7M	$2.4M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009223	+0.043%	$426K	$224K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009229	+0.108%	$9K	$77K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009228	+0.100%	$5.7M	$16.2M	50x	as long as short
OKX PEOPLE-USDT-SWAPlong	+0.0100%	8h	0.009219	long leg	$3.3M	$8.7M	20x
MEXC PEOPLE_USDTshort	+0.0100%	8h	0.009222	+0.033%	$681K	$297K	200x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009226	+0.076%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009219	0.000%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009201	−0.195%	$43K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009226	+0.073%	$184	—	5x	as long as short