Funding you earn now, next payment 00:00 UTC−0.0247%/8h= −27.0% APRnext payment −$2.47 per $10,000 · paid last 24h −0.009%
Price spread now: KuCoin against Binance−0.067%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1031.027% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)−0.303%−$30 · spread now −0.067%, 7d avg −0.103%
=The price spread pays, funding is against you. KuCoin is 0.037% dearer against Binance than usual: you sell high and buy low (spread −0.067% now, against its 7-day average of −0.103%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.087% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 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 | Binance PEOPLEUSDT | 0.009116 | 0.0100 | pay 0.0100% / 8h | 1h 58m | $5.5M | $15.1M | 50x |
| Short | KuCoin PEOPLEUSDTM | 0.009110 | −0.0147 | pay 0.0147% / 8h | 1h 58m | $648K | $121K | 50x |
Binance PEOPLEUSDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$51.87
- Price spread: −0.067% → −0.103%
- $3.66
- Slippage, 4 orders
- −$80.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$150.95
- Costs to cover
- 1.027%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 15 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, 12 min ago | 1.10 bp | 16.0 bp −$16 | 49.4 bp −$494 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 15 min ago | 11.52 bp | 38.8 bp −$39 | doesn't fit | 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 | −0.1240% | 1h | 0.009128 | +0.135% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0147% | 8h | 0.009110 | −0.067% | $648K | $121K | 50x | |
| Variational Omni PEOPLE | −0.0074% | 8h | 0.009096 | −0.218% | $6K | $4K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0078% | 8h | 0.009113 | −0.034% | $1.6M | $2.1M | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0093% | 8h | 0.009114 | −0.023% | $350K | $84K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009114 | −0.023% | $423K | $212K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009118 | +0.022% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009116 | long leg | $5.5M | $15.1M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009110 | −0.067% | $3.3M | $8.4M | 20x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009124 | +0.087% | $766K | $1.4M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
Bybit PEOPLEUSDT
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009108 | −0.089% | $675K | $300K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009102 | −0.154% | $1.6M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009110 | −0.067% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009095 | −0.231% | $43K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009119 | +0.032% | $182 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD