Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against BloFin−0.153%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$830.825% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.153%, 7d avg +0.016%
=Funding pays, the price is against you. Bybit is 0.169% cheaper against BloFin than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of +0.016%). If the spread goes back, that is −$17 on $10k: about 30 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEOPLE-USDT | 0.009162 | 0.0081 | pay 0.0081% / 8h | 1h 29m | $349K | $85K | 50x |
| Short | Bybit PEOPLEUSDT | 0.009148 | 0.0100 | get 0.0100% / 8h | 1h 29m | $1.6M | $2.1M | 50x |
BloFin PEOPLE-USDT
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $3.97
- Price spread: −0.153% → +0.016%
- −$16.89
- Slippage, 4 orders
- −$59.51
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$95.43
- Costs to cover
- 0.825%
- Break-even
- 175.3 days
Slippage from BloFin: live order book, 51 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 BloFin live order book, 51 min ago | 1.09 bp | 12.6 bp −$13 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.83 bp | 28.2 bp −$28 | 66.6 bp −$666 | 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 | −0.1237% | 1h | 0.009153 | −0.098% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0127% | 8h | 0.009121 | −0.448% | $651K | $123K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0057% | 8h | 0.009132 | −0.324% | $6K | $4K | — | as long as short |
| BloFin PEOPLE-USDTlong | +0.0081% | 8h | 0.009162 | long leg | $349K | $85K | 50x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009148 | −0.153% | $425K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009141 | −0.227% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009150 | −0.126% | $5.5M | $15.1M | 50x | as long as short |
| Bybit PEOPLEUSDTshort | +0.0100% | 8h | 0.009148 | −0.153% | $1.6M | $2.1M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009155 | −0.076% | $3.3M | $8.5M | 20x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009148 | −0.153% | $767K | $1.4M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009135 | −0.295% | $672K | $303K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009148 | −0.153% | $1.6M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009140 | −0.240% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009150 | −0.131% | $43K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009149 | −0.145% | $183 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD