Funding you earn now, next payment 08:00 UTC+0.0230%/8h= +25.2% APRnext payment +$2.30 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.118%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.118%, 7d avg −0.022%
=Funding pays, the price is against you. Bybit is 0.095% cheaper against Gate than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.022%). If the spread goes back, that is −$10 on $10k: about 33 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.157% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEOPLE_USDT | 0.009337 | −0.0145 | get 0.0145% / 8h | 3h 11m | $717K | $1.6M | 50x |
| Short | Bybit PEOPLEUSDT | 0.009326 | 0.0085 | get 0.0085% / 8h | 3h 11m | $1.7M | $2.6M | 50x |
Gate PEOPLE_USDT
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $48.24
- Price spread: −0.118% → −0.022%
- −$9.54
- Slippage, 4 orders
- −$86.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$74.06
- Costs to cover
- 1.128%
- Break-even
- 17.7 days
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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 Gate live order book, 1 min ago | 5.90 bp | 23.8 bp −$24 | 140.6 bp −$1,406 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.75 bp | 29.0 bp −$29 | 64.8 bp −$648 | 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 | −0.0398% | 1h | 0.009322 | −0.159% | $36K | $47K | 10x | as long as short |
| Gate PEOPLE_USDTlong | −0.0145% | 8h | 0.009337 | long leg | $717K | $1.6M | 50x | |
| Variational Omni PEOPLE | −0.0044% | 8h | 0.009304 | −0.349% | $7K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0004% | 8h | 0.009333 | −0.043% | $667K | $159K | 50x | as long as short |
| Bybit PEOPLEUSDTshort | +0.0085% | 8h | 0.009326 | −0.118% | $1.7M | $2.6M | 50x | |
| MEXC PEOPLE_USDT | +0.0086% | 8h | 0.009339 | +0.021% | $704K | $311K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0088% | 8h | 0.009333 | −0.043% | $3.5M | $9.4M | 20x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009339 | +0.021% | $485K | $282K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009339 | +0.024% | $4K | $91K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009338 | +0.007% | $5.8M | $17.7M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009338 | +0.011% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009337 | 0.000% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009338 | +0.011% | $44K | $50K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009340 | +0.035% | $187 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0109% | 8h | 0.009330 | −0.075% | $367K | $104K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT