Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.055%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days−0.097%−$10 · spread now +0.055%, 7d avg −0.035%

Together, before fees−0.036%−$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: Bitget is 0.090% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PEOPLEUSDT	0.009144	0.0100	pay 0.0100% / 8h	1h 06m	$1.6M	$2.2M	50x
Short	Bitget PEOPLEUSDT	0.009149	0.0100	get 0.0100% / 8h	1h 06m	$1.6M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.035%: $8.97
Slippage, 4 orders: −$66.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$80.28
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 6 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	2.74 bp	23.8 bp −$24	63.0 bp −$630	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	4.38 bp	21.2 bp −$21	36.9 bp −$369	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	−0.1237%	1h	0.009149	+0.054%	$35K	$45K	10x	as long as short
KuCoin PEOPLEUSDTM	−0.0123%	8h	0.009128	−0.175%	$651K	$123K	50x	as long as short
Variational Omni PEOPLE	−0.0045%	8h	0.009137	−0.074%	$6K	$3K	—	as long as short
BloFin PEOPLE-USDT	+0.0079%	8h	0.009146	+0.022%	$348K	$85K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009158	+0.153%	$425K	$212K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009149	+0.058%	$8K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009155	+0.125%	$5.6M	$15.1M	50x	as long as short
Bybit PEOPLEUSDTlong	+0.0100%	8h	0.009144	long leg	$1.6M	$2.2M	50x
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009153	+0.098%	$3.3M	$8.5M	20x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009154	+0.109%	$771K	$1.4M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009159	+0.164%	$664K	$307K	200x	as long as short
Bitget PEOPLEUSDTshort	+0.0100%	8h	0.009149	+0.055%	$1.6M	$1.1M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009150	+0.066%	—	$5.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009148	+0.044%	$43K	$52K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009153	+0.095%	$183	—	5x	as long as short