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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.28 per $10,000 · paid last 24h +0.030%
Price spread now: Bybit against Variational Omni+0.107%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.107% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PEOPLE0.009234−0.0041get 0.0041% / 8h6h 21m$6K$5K
ShortBybit PEOPLEUSDT0.009244−0.0013pay 0.0013% / 8h6h 21m$1.7M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.84
Price spread: +0.107% → 0.000%
$10.71
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$5.56
Costs to cover
0.110%
Break-even
0.3 days
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Bybit live order book, 4 min ago1.62 bp26.8 bp −$2761.6 bp −$616doesn't fitdoesn't fit
Variational Omni: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSD−0.0853%1h0.009255+0.226%$36K$47K10xas long as short
Variational Omni PEOPLElong−0.0041%8h0.009234long leg$6K$5K
Bybit PEOPLEUSDTshort−0.0013%8h0.009244+0.107%$1.7M$2.7M50x
BloFin PEOPLE-USDT+0.0086%8h0.009217−0.185%$351K$109K50xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009266+0.345%$436K$320K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009243+0.094%$11K$79K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009252+0.194%$5.7M$17.2M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009246+0.129%$3.4M$9.0M20xas long as short
Gate PEOPLE_USDT+0.0100%8h0.009258+0.259%$769K$1.6M50xas long as short
MEXC PEOPLE_USDT+0.0100%8h0.009271+0.400%$705K$332K200xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEOPLEUSDTM+0.0100%8h0.009250+0.172%$688K$134K50xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009253+0.205%$1.8M$1.3M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009265+0.335%$12.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009259+0.270%$44K$46K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009262+0.305%$1855xas long as short