Funding you earn now, next payment 01:00 UTC−0.1454%/8h= −159.2% APRpaid last 24h −0.087%
Price spread now: Kraken Futures against Binance−0.082%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Kraken Futures is 0.082% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PEOPLEUSDT | 0.009230 | 0.0100 | pay 0.0100% / 8h | 7h 53m | $5.6M | $15.3M | 50x |
| Short | Kraken Futures PF_PEOPLEUSD | 0.009223 | −0.1354 | pay 0.0169% / 1h | 53m 50s | $36K | $45K | 10x |
Binance PEOPLEUSDT
Kraken Futures PF_PEOPLEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$305.4
- Price spread: −0.082% → 0.000%
- −$8.23
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$333.63
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 2 min ago | 1.09 bp | 17.1 bp −$17 | 46.0 bp −$460 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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_PEOPLEUSDshort | −0.1354% | 1h | 0.009223 | −0.082% | $36K | $45K | 10x | |
| Gate PEOPLE_USDT | −0.0701% | 8h | 0.009224 | −0.067% | $720K | $1.4M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0078% | 8h | 0.009219 | −0.121% | $660K | $123K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0018% | 8h | 0.009236 | +0.066% | $6K | $3K | — | as long as short |
| Bybit PEOPLEUSDT | −0.0013% | 8h | 0.009220 | −0.110% | $1.6M | $2.2M | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0083% | 8h | 0.009198 | −0.348% | $346K | $87K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009228 | −0.023% | $428K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009224 | −0.070% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009230 | long leg | $5.6M | $15.3M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009231 | +0.009% | $3.4M | $8.6M | 20x | as long as short |
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
OKX PEOPLE-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009230 | −0.002% | $682K | $302K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009228 | −0.023% | $1.7M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009225 | −0.056% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009228 | −0.023% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009227 | −0.033% | $184 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD