PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.130%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$960.956% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.130%, 7d avg −0.017%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.112% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PEOPLEUSDT	0.009233	0.0100	pay 0.0100% / 8h	2h 20m	$5.7M	$18.3M	50x
Short	Bybit PEOPLEUSDT	0.009221	0.0089	get 0.0089% / 8h	2h 20m	$1.7M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$2.37
Price spread: −0.130% → −0.017%: −$11.22
Slippage, 4 orders: −$74.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$109.15
Costs to cover: 0.956%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago	1.64 bp	17.6 bp −$18	58.1 bp −$581	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.63 bp	22.3 bp −$22	65.2 bp −$652	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	−0.0596%	1h	0.009225	−0.082%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0049%	8h	0.009164	−0.748%	$5K	$5K	—	as long as short
Gate PEOPLE_USDT	+0.0031%	8h	0.009220	−0.140%	$774K	$1.7M	50x	as long as short
KuCoin PEOPLEUSDTM	+0.0046%	8h	0.009206	−0.292%	$670K	$162K	50x	as long as short
Bybit PEOPLEUSDTshort	+0.0089%	8h	0.009221	−0.130%	$1.7M	$2.8M	50x
Hyperliquid PEOPLE	+0.0100%	1h	0.009224	−0.097%	$437K	$329K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009216	−0.178%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDTlong	+0.0100%	8h	0.009233	long leg	$5.7M	$18.3M	50x
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009227	−0.065%	$3.4M	$9.5M	20x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009225	−0.086%	$706K	$323K	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	0.009226	−0.075%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009228	−0.054%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009230	−0.032%	$43K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009230	−0.037%	$184	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0109%	8h	0.009179	−0.584%	$354K	$105K	50x	as long as short