Funding you earn now, next payment 16:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against Bybit−0.140%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days+0.176%+$18 · spread now −0.140%, 7d avg +0.018%
=Funding pays, the price is against you. BingX is 0.158% cheaper against Bybit than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.018%). If the spread goes back, that is −$16 on $10k: about 33 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PEOPLEUSDT | 0.009311 | 0.0084 | pay 0.0084% / 8h | 7h 21m | $1.7M | $2.8M | 50x |
| Short | BingX PEOPLE-USDT | 0.009298 | 0.0100 | get 0.0100% / 8h | 7h 21m | — | $10.7M | — |
Bybit PEOPLEUSDT
BingX PEOPLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $3.35
- Price spread: −0.140% → +0.018%
- −$15.77
- Slippage, 4 orders
- −$74.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$108.12
- Costs to cover
- 0.957%
- Break-even
- 233.1 days
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 2 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, 1 min ago | 3.23 bp | 26.1 bp −$26 | 62.1 bp −$621 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 5.38 bp | 20.6 bp −$21 | 47.6 bp −$476 | 364.3 bp −$36.4K | 527.1 bp −$263.6K |
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 | −0.1135% | 1h | 0.009299 | −0.133% | $36K | $48K | 10x | as long as short |
| Variational Omni PEOPLE | −0.0039% | 8h | 0.009186 | −1.346% | $5K | $5K | — | as long as short |
| MEXC PEOPLE_USDT | +0.0062% | 8h | 0.009306 | −0.054% | $731K | $333K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0064% | 8h | 0.009317 | +0.064% | $3.4M | $9.5M | 20x | as long as short |
| Bybit PEOPLEUSDTlong | +0.0084% | 8h | 0.009311 | long leg | $1.7M | $2.8M | 50x | |
| BloFin PEOPLE-USDT | +0.0086% | 8h | 0.009297 | −0.150% | $356K | $112K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009310 | −0.011% | $436K | $333K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009306 | −0.050% | $11K | $95K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009314 | +0.032% | $5.7M | $18.1M | 50x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009313 | +0.021% | $781K | $1.7M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Gate PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEOPLEUSDTM | +0.0100% | 8h | 0.009275 | −0.387% | $668K | $158K | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009315 | +0.043% | $1.8M | $1.4M | 50x | as long as short |
| BingX PEOPLE-USDTshort | +0.0100% | 8h | 0.009298 | −0.140% | — | $10.7M | — | |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009304 | −0.075% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009291 | −0.214% | $186 | — | 5x | as long as short |
KuCoin PEOPLEUSDTM
Bitget PEOPLEUSDT
HTX PEOPLE-USDT
Extended PEOPLE-USD