PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0164%/8h= +17.9% APRnext payment +$1.64 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against Bybit+0.303%72s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as 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−$900.900% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.303%, 7d avg −0.013%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.316% dearer against Bybit than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 72 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	Bybit PEOPLEUSDT	0.009246	−0.0041	get 0.0041% / 8h	7h 36m	$1.7M	$2.8M	50x
Short	BloFin PEOPLE-USDT	0.009274	0.0123	get 0.0123% / 8h	7h 36m	$353K	$112K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.303%Rate

Funding earned: $34.4
Price spread: +0.303% → −0.013%: $31.56
Slippage, 4 orders: −$66.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.02
Costs to cover: 0.900%
Break-even: 11.9 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 21 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	2.70 bp	27.6 bp −$28	66.3 bp −$663	doesn't fit	doesn't fit
Sell BloFin live order book, 21 min ago	1.61 bp	18.9 bp −$19	43.8 bp −$438	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	−0.1141%	1h	0.009249	+0.037%	$36K	$48K	10x	as long as short
Bybit PEOPLEUSDTlong	−0.0041%	8h	0.009246	long leg	$1.7M	$2.8M	50x
Variational Omni PEOPLE	−0.0032%	8h	0.009259	+0.140%	$6K	$5K	—	as long as short
Gate PEOPLE_USDT	+0.0030%	8h	0.009258	+0.130%	$779K	$1.6M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0044%	8h	0.009254	+0.087%	$3.4M	$9.5M	20x	as long as short
MEXC PEOPLE_USDT	+0.0049%	8h	0.009247	+0.011%	$692K	$324K	200x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009256	+0.108%	$432K	$344K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009256	+0.105%	$11K	$95K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009256	+0.105%	$5.7M	$18.5M	50x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009263	+0.184%	$668K	$165K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009251	+0.054%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009249	+0.032%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009261	+0.162%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009253	+0.078%	$186	—	5x	as long as short
BloFin PEOPLE-USDTshort	+0.0123%	8h	0.009274	+0.303%	$353K	$112K	50x