Settings8H · net · $10k
Funding arb · Price arb /

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRnext payment $0.84 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget+0.044%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1131.133% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.044%, 7d avg +0.036%
Together, before fees−0.065%−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PEOPLEUSDT0.0091040.0100pay 0.0100% / 8h2h 36m$1.6M$1.1M50x
ShortBybit PEOPLEUSDT0.0091080.0016get 0.0016% / 8h2h 36m$1.6M$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$17.66
Price spread: +0.044% → +0.036%
$0.79
Slippage, 4 orders
−$90.31
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$130.18
Costs to cover
1.133%
Break-even
never at this rate
Slippage from Bitget: live order book, just now; Bybit: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, just now6.04 bp23.3 bp −$2358.1 bp −$581doesn't fitdoesn't fit
Sell Bybit live order book, just now3.85 bp34.2 bp −$3464.1 bp −$641doesn't fitdoesn't fit

PEOPLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSD−0.1448%1h0.009096−0.090%$35K$45K10xas long as short
KuCoin PEOPLEUSDTM−0.0154%8h0.009107+0.033%$661K$118K50xas long as short
Variational Omni PEOPLE−0.0113%8h0.009101−0.038%$6K$4Kas long as short
Bybit PEOPLEUSDTshort+0.0016%8h0.009108+0.044%$1.6M$2.1M50x
Gate PEOPLE_USDT+0.0087%8h0.009111+0.077%$765K$1.4M50xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009110+0.066%$423K$213K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009112+0.092%$8K$75K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009108+0.044%$5.5M$15.1M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009100−0.044%$3.3M$8.4M20xas long as short
MEXC PEOPLE_USDT+0.0100%8h0.009123+0.209%$667K$303K200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDTlong+0.0100%8h0.009104long leg$1.6M$1.1M50x
BingX PEOPLE-USDT+0.0100%8h0.009108+0.044%$5.7Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009110+0.066%$44K$51K50xas long as short
BloFin PEOPLE-USDT+0.0102%8h0.009111+0.077%$349K$84K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009109+0.052%$1825xas long as short