PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.70 per $10,000 · paid last 24h +0.020%

Price spread now: Binance against Bybit+0.134%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.095%−$10 · spread now +0.134%, 7d avg +0.017%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.117% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PEOPLEUSDT	0.009569	0.0030	pay 0.0030% / 8h	6h 08m	$1.7M	$1.9M	50x
Short	Binance PEOPLEUSDT	0.009582	0.0100	get 0.0100% / 8h	6h 08m	$5.6M	$14.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.134%Rate

Funding earned: $14.67
Price spread: +0.134% → +0.017%: $11.7
Slippage, 4 orders: −$58.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.65
Costs to cover: 0.790%
Break-even: 32.1 days

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 10 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 Bybit live order book, 1 min ago	3.65 bp	25.5 bp −$25	71.2 bp −$712	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.09 bp	14.7 bp −$15	55.2 bp −$552	doesn't fit	doesn't fit

PEOPLE on 15 exchanges

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
Variational Omni PEOPLE	−0.0114%	8h	0.009587	+0.186%	$5K	$588	—	as long as short
Bybit PEOPLEUSDTlong	+0.0030%	8h	0.009569	long leg	$1.7M	$1.9M	50x
BloFin PEOPLE-USDT	+0.0086%	8h	0.009606	+0.387%	$374K	$87K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009590	+0.219%	$394K	$296K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009582	+0.134%	$5K	$56K	5x	as long as short
Binance PEOPLEUSDTshort	+0.0100%	8h	0.009582	+0.134%	$5.6M	$14.8M	50x
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009574	+0.052%	$3.3M	$7.5M	20x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009582	+0.136%	$828K	$1.5M	50x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009587	+0.188%	$761K	$358K	200x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009575	+0.063%	$679K	$171K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009586	+0.178%	$1.9M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009582	+0.136%	—	$3.0M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009595	+0.272%	$38K	$101K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009581	+0.129%	$192	—	5x	as long as short
Kraken Futures PF_PEOPLEUSD	+0.0786%	1h	0.009609	+0.423%	$26K	$19K	10x	as long as short