Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against BloFin−0.235%92s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$990.985% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.235%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.250% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEOPLE-USDT | 0.009371 | 0.0124 | pay 0.0124% / 8h | 1h 43m | $354K | $108K | 50x |
| Short | Bybit PEOPLEUSDT | 0.009349 | 0.0100 | get 0.0100% / 8h | 1h 43m | $1.7M | $2.8M | 50x |
BloFin PEOPLE-USDT
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$4.95
- Price spread: −0.235% → +0.015%
- −$24.99
- Slippage, 4 orders
- −$75.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.46
- Costs to cover
- 0.985%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 23 min ago; Bybit: 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 BloFin live order book, 23 min ago | 7.99 bp | 18.2 bp −$18 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.67 bp | 32.0 bp −$32 | 65.8 bp −$658 | 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 | −0.0456% | 1h | 0.009336 | −0.371% | $36K | $48K | 10x | as long as short |
| Variational Omni PEOPLE | −0.0020% | 8h | 0.009339 | −0.343% | $6K | $5K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0097% | 8h | 0.009354 | −0.181% | $680K | $163K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009336 | −0.373% | $443K | $330K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009347 | −0.254% | $11K | $96K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009346 | −0.267% | $5.7M | $18.5M | 50x | as long as short |
| Bybit PEOPLEUSDTshort | +0.0100% | 8h | 0.009349 | −0.235% | $1.7M | $2.8M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009347 | −0.256% | $3.4M | $9.7M | 20x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009355 | −0.171% | $779K | $1.7M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009350 | −0.224% | $732K | $321K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDT
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009356 | −0.160% | $1.8M | $1.4M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009354 | −0.181% | — | $9.1M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009340 | −0.331% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009357 | −0.152% | $188 | — | 5x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0124% | 8h | 0.009371 | long leg | $354K | $108K | 50x |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD