Funding you earn now, next payment 08:00 UTC−0.0251%/8h= −27.5% APRnext payment −$2.51 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit−0.064%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1181.182% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 7 days+0.090%+$9 · spread now −0.064%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.085% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PEOPLEUSDT | 0.009357 | 0.0100 | pay 0.0100% / 8h | 7h 03m | $1.7M | $2.2M | 50x |
| Short | Gate PEOPLE_USDT | 0.009351 | −0.0151 | pay 0.0151% / 8h | 7h 03m | $726K | $1.5M | 50x |
Bybit PEOPLEUSDT
Gate PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$52.71
- Price spread: −0.064% → +0.021%
- −$8.49
- Slippage, 4 orders
- −$92.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$179.38
- Costs to cover
- 1.182%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Gate: 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 | 3.21 bp | 26.0 bp −$26 | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 7.46 bp | 28.2 bp −$28 | 166.7 bp −$1,667 | 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 | −0.1334% | 1h | 0.009364 | +0.079% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDTshort | −0.0151% | 8h | 0.009351 | −0.064% | $726K | $1.5M | 50x | |
| Variational Omni PEOPLE | −0.0024% | 8h | 0.009348 | −0.099% | $6K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0022% | 8h | 0.009356 | −0.011% | $708K | $138K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009343 | −0.150% | $432K | $211K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009352 | −0.051% | $9K | $76K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009364 | +0.075% | $5.7M | $15.6M | 50x | as long as short |
| Bybit PEOPLEUSDTlong | +0.0100% | 8h | 0.009357 | long leg | $1.7M | $2.2M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009360 | +0.032% | $3.4M | $8.7M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009345 | −0.128% | $721K | $312K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009344 | −0.139% | $1.8M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009341 | −0.171% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009384 | +0.289% | $45K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009345 | −0.125% | $187 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0120% | 8h | 0.009374 | +0.182% | $354K | $89K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT