Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.032%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1011.012% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.032%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.065% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PEOPLEUSDT | 0.009278 | 0.0100 | pay 0.0100% / 8h | 4h 17m | $1.8M | $1.3M | 50x |
| Short | Bybit PEOPLEUSDT | 0.009275 | 0.0083 | get 0.0083% / 8h | 4h 17m | $1.7M | $2.4M | 50x |
Bitget PEOPLEUSDT
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$3.6
- Price spread: −0.032% → +0.033%
- −$6.5
- Slippage, 4 orders
- −$78.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$111.28
- Costs to cover
- 1.012%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 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 Bitget live order book, 4 min ago | 3.23 bp | 30.5 bp −$31 | 99.7 bp −$997 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.62 bp | 27.6 bp −$28 | 63.4 bp −$634 | 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 | −0.0884% | 1h | 0.009266 | −0.124% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0138% | 8h | 0.009280 | +0.022% | $740K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0015% | 8h | 0.009274 | −0.043% | $660K | $151K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0014% | 8h | 0.009279 | +0.008% | $6K | $2K | — | as long as short |
| MEXC PEOPLE_USDT | +0.0082% | 8h | 0.009283 | +0.054% | $689K | $301K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0083% | 8h | 0.009283 | +0.054% | $3.3M | $8.9M | 20x | as long as short |
| Bybit PEOPLEUSDTshort | +0.0083% | 8h | 0.009275 | −0.032% | $1.7M | $2.4M | 50x | |
| BloFin PEOPLE-USDT | +0.0093% | 8h | 0.009284 | +0.065% | $355K | $100K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009286 | +0.086% | $457K | $248K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009278 | 0.000% | $5K | $84K | 5x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009287 | +0.097% | $5.7M | $16.7M | 50x | as long as short |
| Bitget PEOPLEUSDTlong | +0.0100% | 8h | 0.009278 | long leg | $1.8M | $1.3M | 50x | |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009277 | −0.011% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009281 | +0.032% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009279 | +0.015% | $186 | — | 5x | as long as short |
Binance PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD