Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.39 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.022%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$870.869% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.022%, 7d avg +0.038%
=Funding pays, the price is against you. OKX is 0.059% cheaper against Bybit than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.038%). If the spread goes back, that is −$6 on $10k: about 5.1 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 | Bybit PEOPLEUSDT | 0.009212 | 0.0061 | pay 0.0061% / 8h | 7h 54m | $1.6M | $2.2M | 50x |
| Short | OKX PEOPLE-USDT-SWAP | 0.009210 | 0.0100 | get 0.0100% / 8h | 7h 54m | $3.4M | $8.6M | 20x |
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- $8.14
- Price spread: −0.022% → +0.038%
- −$5.92
- Slippage, 4 orders
- −$65.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$84.73
- Costs to cover
- 0.869%
- Break-even
- 79.9 days
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 1.62 bp | 26.1 bp −$26 | 63.6 bp −$636 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.63 bp | 14.7 bp −$15 | 42.4 bp −$424 | 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 | −0.1358% | 1h | 0.009196 | −0.176% | $36K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0080% | 8h | 0.009215 | +0.033% | $659K | $123K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0018% | 8h | 0.009236 | +0.263% | $6K | $3K | — | as long as short |
| Gate PEOPLE_USDT | −0.0015% | 8h | 0.009223 | +0.119% | $720K | $1.4M | 50x | as long as short |
| Bybit PEOPLEUSDTlong | +0.0061% | 8h | 0.009212 | long leg | $1.6M | $2.2M | 50x | |
| BloFin PEOPLE-USDT | +0.0083% | 8h | 0.009198 | −0.152% | $346K | $87K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009209 | −0.033% | $427K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009215 | +0.035% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009211 | −0.011% | $5.6M | $15.3M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAPshort | +0.0100% | 8h | 0.009210 | −0.022% | $3.4M | $8.6M | 20x |
Kraken Futures PF_PEOPLEUSD
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Gate PEOPLE_USDT
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009219 | +0.076% | $681K | $302K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009220 | +0.087% | $1.7M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009211 | −0.011% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009208 | −0.043% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009209 | −0.032% | $184 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD