Funding you earn now, next payment 16:00 UTC−0.0208%/8h= −22.8% APRnext payment −$2.08 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against Gate−0.141%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1191.194% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.141%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.118% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.156%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEOPLE_USDT | 0.009227 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $774K | $1.6M | 50x |
| Short | Bybit PEOPLEUSDT | 0.009214 | −0.0108 | pay 0.0108% / 8h | 5h 53m | $1.7M | $2.6M | 50x |
Gate PEOPLE_USDT
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$43.7
- Price spread: −0.141% → −0.023%
- −$11.8
- Slippage, 4 orders
- −$93.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$174.88
- Costs to cover
- 1.194%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 6.50 bp | 27.7 bp −$28 | 148.7 bp −$1,487 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.17 bp | 30.3 bp −$30 | 62.0 bp −$620 | 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 | −0.0700% | 1h | 0.009213 | −0.151% | $36K | $47K | 10x | as long as short |
| Bybit PEOPLEUSDTshort | −0.0108% | 8h | 0.009214 | −0.141% | $1.7M | $2.6M | 50x | |
| Variational Omni PEOPLE | −0.0056% | 8h | 0.009231 | +0.040% | $6K | $5K | — | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009221 | −0.065% | $437K | $320K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009208 | −0.205% | $11K | $76K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009221 | −0.063% | $5.7M | $17.0M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009214 | −0.141% | $3.4M | $9.0M | 20x | as long as short |
| Gate PEOPLE_USDTlong | +0.0100% | 8h | 0.009227 | long leg | $774K | $1.6M | 50x | |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009220 | −0.076% | $698K | $323K | 200x | as long as short |
| KuCoin PEOPLEUSDTM | +0.0100% | 8h | 0.009216 | −0.119% | $668K | $137K | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDT
KuCoin PEOPLEUSDTMShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009230 | +0.033% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009219 | −0.087% | — | $12.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009220 | −0.076% | $44K | $42K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009215 | −0.129% | $184 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0122% | 8h | 0.009240 | +0.141% | $352K | $109K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT