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

PEOPLE

All PEOPLE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotPEOPLEUSDT
0.006029spotno funding——$121K1xBuy Bybit Spot
SHORT
BybitPEOPLEUSDT
0.006022+0.0100get 0.0100% / 8h7h 46m$1.0M$967K50xShort Bybit
Price gap−0.116%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.025% above its 7d average: +$3 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$19+0.0100% /8h now · paid +0.192% over the last 7D
Price+$3spread −0.116% now, avg −0.141% → +0.025% if it goes back
Costs−$1,73917.388% of $10k · taker + slippage, in and out
Result−$1,717−17.17%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.116%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEOPLE on 15 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size1560.4 / 50.8 bp
    At $10k entering Bybit Spot costs 1560.4 bp, fee and slippage, 30.7× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Bybit runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$3.00.
  • OK: Entry gap works for you−0.116% vs −0.141%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.0M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0092%/8h × 21 periods+$19.22
Price spread−0.116% → −0.141% (7d avg)+$2.52
Slippage, 4 orderslive order books−$1,707.81
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$1,717.07
Costs to cover17.388%Break-even632.3 days
Slippage: Bybit Spot: live order book, 12 min ago; Bybit: live order book, 17 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot10.911560.4 bp−$1,560doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.8650.8 bp−$51322.7 bp−$3,227doesn’t fitdoesn’t fit

Closing costs about the same again.

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