Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit+0.205%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.205% dearer against Bybit than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PEOPLEUSDT	0.009523	0.0100	pay 0.0100% / 8h	3h 45m	$1.7M	$2.5M	50x
Short	Aster PEOPLEUSDT	0.009543	0.0100	get 0.0100% / 8h	3h 45m	$4K	$87K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee AsterbpOrdersPrice spread, now +0.205%Rate

Funding earned: $0
Price spread: +0.205% → 0.000%: $20.52
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.52
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Aster: no order-book sample. Net counts fees only.

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 Bybit live order book, 1 min ago	3.16 bp	29.0 bp −$29	67.9 bp −$679	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 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	−0.0388%	1h	0.009545	+0.229%	$36K	$46K	10x	as long as short
Gate PEOPLE_USDT	−0.0085%	8h	0.009532	+0.095%	$757K	$1.5M	50x	as long as short
KuCoin PEOPLEUSDTM	−0.0016%	8h	0.009534	+0.116%	$669K	$154K	50x	as long as short
Variational Omni PEOPLE	−0.0013%	8h	0.009533	+0.103%	$6K	$2K	—	as long as short
MEXC PEOPLE_USDT	+0.0090%	8h	0.009535	+0.126%	$702K	$298K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0092%	8h	0.009523	0.000%	$3.5M	$9.4M	20x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009547	+0.252%	$495K	$270K	3x	as long as short
Aster PEOPLEUSDTshort	+0.0100%	8h	0.009543	+0.205%	$4K	$87K	5x
Binance PEOPLEUSDT	+0.0100%	8h	0.009534	+0.118%	$6.0M	$17.1M	50x	as long as short
Bybit PEOPLEUSDTlong	+0.0100%	8h	0.009523	long leg	$1.7M	$2.5M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009526	+0.032%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009531	+0.084%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009520	−0.032%	$45K	$50K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009542	+0.195%	$191	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0125%	8h	0.009473	−0.525%	$357K	$103K	50x	as long as short