PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.77 per $10,000 · paid last 24h −0.003%

Price spread now: OKX against Bybit+0.121%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.121%, 7d avg +0.038%

Together, before fees−0.060%−$6 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 OKX is 0.083% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PEOPLEUSDT	0.009075	0.0023	pay 0.0023% / 8h	4h 57m	$1.7M	$2.7M	50x
Short	OKX PEOPLE-USDT-SWAP	0.009086	0.0100	get 0.0100% / 8h	4h 57m	$3.3M	$9.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $16.17
Price spread: +0.121% → +0.038%: $8.35
Slippage, 4 orders: −$68.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.59
Costs to cover: 0.891%
Break-even: 35.0 days

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	2.75 bp	26.6 bp −$27	66.5 bp −$665	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.20 bp	14.0 bp −$14	47.6 bp −$476	doesn't fit	doesn't fit

PEOPLE on 15 exchanges

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	−0.0672%	1h	0.009078	+0.038%	$35K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0042%	8h	0.009096	+0.232%	$5K	$5K	—	as long as short
Bybit PEOPLEUSDTlong	+0.0023%	8h	0.009075	long leg	$1.7M	$2.7M	50x
Hyperliquid PEOPLE	+0.0100%	1h	0.009081	+0.066%	$431K	$321K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009085	+0.105%	$11K	$76K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009091	+0.176%	$5.5M	$17.2M	50x	as long as short
OKX PEOPLE-USDT-SWAPshort	+0.0100%	8h	0.009086	+0.121%	$3.3M	$9.0M	20x
Gate PEOPLE_USDT	+0.0100%	8h	0.009090	+0.165%	$758K	$1.6M	50x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009082	+0.077%	$679K	$330K	200x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009089	+0.154%	$674K	$145K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009092	+0.187%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009086	+0.121%	—	$12.4M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009088	+0.143%	$43K	$40K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009081	+0.065%	$182	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0105%	8h	0.009109	+0.375%	$344K	$108K	50x	as long as short