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: MEXC against Bybit−0.043%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.043%, 7d avg +0.037%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.080% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PEOPLEUSDT	0.009305	0.0100	pay 0.0100% / 8h	7h 22m	$1.7M	$2.2M	50x
Short	MEXC PEOPLE_USDT	0.009301	0.0100	get 0.0100% / 8h	7h 22m	$707K	$309K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.037%: −$8
Slippage, 4 orders: −$52.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$75.58
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 43 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, 5 min ago	2.70 bp	27.9 bp −$28	64.1 bp −$641	doesn't fit	doesn't fit
Sell MEXC live order book, 43 min ago	0.54 bp	10.7 bp −$11	62.9 bp −$629	278.8 bp −$27.9K	508.3 bp −$254.1K

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	−0.1341%	1h	0.009310	+0.057%	$36K	$45K	10x	as long as short
Gate PEOPLE_USDT	−0.0156%	8h	0.009314	+0.097%	$725K	$1.5M	50x	as long as short
Variational Omni PEOPLE	−0.0022%	8h	0.009268	−0.398%	$6K	$3K	—	as long as short
KuCoin PEOPLEUSDTM	−0.0007%	8h	0.009308	+0.032%	$665K	$124K	50x	as long as short
BloFin PEOPLE-USDT	+0.0072%	8h	0.009300	−0.054%	$352K	$88K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009316	+0.118%	$431K	$210K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009318	+0.143%	$9K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009318	+0.143%	$5.7M	$15.4M	50x	as long as short
Bybit PEOPLEUSDTlong	+0.0100%	8h	0.009305	long leg	$1.7M	$2.2M	50x
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009316	+0.118%	$3.4M	$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_USDTshort	+0.0100%	8h	0.009301	−0.043%	$707K	$309K	200x
Bitget PEOPLEUSDT	+0.0100%	8h	0.009320	+0.161%	$1.8M	$1.2M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009319	+0.150%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009313	+0.086%	$44K	$52K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009316	+0.120%	$186	—	5x	as long as short