PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.60 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.104%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$920.919% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.104%, 7d avg +0.017%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.086% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PEOPLEUSDT	0.009223	0.0040	pay 0.0040% / 8h	5h 27m	$1.7M	$2.4M	50x
Short	Binance PEOPLEUSDT	0.009233	0.0100	get 0.0100% / 8h	5h 27m	$5.7M	$16.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.104%Rate

Funding earned: $12.53
Price spread: +0.104% → +0.017%: $8.61
Slippage, 4 orders: −$70.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.77
Costs to cover: 0.919%
Break-even: 46.5 days

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 13 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 Bybit live order book, 4 min ago	2.68 bp	26.7 bp −$27	66.6 bp −$666	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.62 bp	20.0 bp −$20	50.0 bp −$500	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	−0.1076%	1h	0.009245	+0.234%	$35K	$46K	10x	as long as short
Gate PEOPLE_USDT	−0.0573%	8h	0.009262	+0.423%	$738K	$1.5M	50x	as long as short
Variational Omni PEOPLE	−0.0022%	8h	0.009311	+0.950%	$6K	$2K	—	as long as short
KuCoin PEOPLEUSDTM	−0.0014%	8h	0.009261	+0.412%	$673K	$147K	50x	as long as short
Bybit PEOPLEUSDTlong	+0.0040%	8h	0.009223	long leg	$1.7M	$2.4M	50x
BloFin PEOPLE-USDT	+0.0091%	8h	0.009262	+0.423%	$354K	$97K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009232	+0.098%	$427K	$225K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009266	+0.472%	$10K	$78K	5x	as long as short
Binance PEOPLEUSDTshort	+0.0100%	8h	0.009233	+0.104%	$5.7M	$16.3M	50x
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009225	+0.022%	$3.3M	$8.7M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009233	+0.108%	$682K	$299K	200x	as long as short
Bitget PEOPLEUSDT	+0.0100%	8h	0.009250	+0.293%	$1.8M	$1.2M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009255	+0.347%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009260	+0.401%	$44K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009237	+0.155%	$186	—	5x	as long as short