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: Aster against Bybit+0.119%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

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—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.119% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PEOPLEUSDT	0.009383	0.0100	pay 0.0100% / 8h	4h 00m	$1.7M	$2.4M	50x
Short	Aster PEOPLEUSDT	0.009394	0.0100	get 0.0100% / 8h	4h 00m	$6K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee AsterbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → 0.000%: $11.85
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.15
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Aster: no order-book sample. Net counts fees only.

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 Bybit live order book, 2 min ago	2.67 bp	29.3 bp −$29	61.0 bp −$610	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0872%	1h	0.009390	+0.075%	$36K	$46K	10x	as long as short
Gate PEOPLE_USDT	−0.0102%	8h	0.009386	+0.032%	$753K	$1.5M	50x	as long as short
KuCoin PEOPLEUSDTM	−0.0023%	8h	0.009382	−0.011%	$668K	$151K	50x	as long as short
Variational Omni PEOPLE	−0.0012%	8h	0.009374	−0.097%	$6K	$2K	—	as long as short
MEXC PEOPLE_USDT	+0.0075%	8h	0.009392	+0.096%	$697K	$302K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0081%	8h	0.009382	−0.011%	$3.3M	$9.0M	20x	as long as short
BloFin PEOPLE-USDT	+0.0083%	8h	0.009381	−0.021%	$359K	$101K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009399	+0.171%	$473K	$257K	3x	as long as short
Aster PEOPLEUSDTshort	+0.0100%	8h	0.009394	+0.119%	$6K	$85K	5x
Binance PEOPLEUSDT	+0.0100%	8h	0.009389	+0.064%	$5.8M	$16.7M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PEOPLEUSDTlong	+0.0100%	8h	0.009383	long leg	$1.7M	$2.4M	50x
Bitget PEOPLEUSDT	+0.0100%	8h	0.009399	+0.171%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009390	+0.075%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009389	+0.064%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009404	+0.227%	$188	—	5x	as long as short