Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.064%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$910.911% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now −0.064%, 7d avg −0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.047% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it 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 | Binance PEOPLEUSDT | 0.009360 | 0.0100 | pay 0.0100% / 8h | 3h 20m | $5.9M | $17.5M | 50x |
| Short | Bybit PEOPLEUSDT | 0.009354 | 0.0093 | get 0.0093% / 8h | 3h 20m | $1.7M | $2.6M | 50x |
Binance PEOPLEUSDT
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$1.39
- Price spread: −0.064% → −0.017%
- −$4.67
- Slippage, 4 orders
- −$70.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$97.1
- Costs to cover
- 0.911%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 1 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 Binance live order book, 5 min ago | 1.06 bp | 16.9 bp −$17 | 76.5 bp −$765 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.61 bp | 24.8 bp −$25 | 65.5 bp −$655 | 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 | −0.0396% | 1h | 0.009363 | +0.036% | $36K | $47K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0151% | 8h | 0.009353 | −0.075% | $723K | $1.6M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0032% | 8h | 0.009350 | −0.103% | $7K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | −0.0013% | 8h | 0.009350 | −0.107% | $668K | $158K | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0077% | 8h | 0.009361 | +0.011% | $695K | $306K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0080% | 8h | 0.009355 | −0.053% | $3.5M | $9.4M | 20x | as long as short |
| Bybit PEOPLEUSDTshort | +0.0093% | 8h | 0.009354 | −0.064% | $1.7M | $2.6M | 50x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009361 | +0.011% | $485K | $280K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009369 | +0.092% | $4K | $87K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009360 | long leg | $5.9M | $17.5M | 50x |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009362 | +0.022% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009351 | −0.096% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009365 | +0.054% | $44K | $50K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009357 | −0.029% | $187 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0127% | 8h | 0.009369 | +0.096% | $368K | $104K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT