Funding you earn now, next payment 00:00 UTC−0.0246%/8h= −26.9% APRnext payment −$2.46 per $10,000 · paid last 24h −0.009%
Price spread now: KuCoin against BingX−0.295%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1311.315% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.295%, 7d avg −0.125%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.170% cheaper against BingX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.125%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.46 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 | BingX PEOPLE-USDT | 0.009142 | 0.0100 | pay 0.0100% / 8h | 22m 00s | — | $5.7M | — |
| Short | KuCoin PEOPLEUSDTM | 0.009115 | −0.0146 | pay 0.0146% / 8h | 22m 00s | $652K | $123K | 50x |
BingX PEOPLE-USDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- −$51.66
- Price spread: −0.295% → −0.125%
- −$17.03
- Slippage, 4 orders
- −$109.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$200.19
- Costs to cover
- 1.315%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; KuCoin: live order book, 41 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 BingX live order book, 13 min ago | 4.91 bp | 15.6 bp −$16 | 28.5 bp −$285 | 325.3 bp −$32.5K | 490.0 bp −$245.0K |
| Sell KuCoin live order book, 41 min ago | 12.59 bp | 30.4 bp −$30 | 1339.4 bp −$13.4K | 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 | −0.1072% | 1h | 0.009141 | −0.006% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0146% | 8h | 0.009115 | −0.295% | $652K | $123K | 50x | |
| Variational Omni PEOPLE | −0.0017% | 8h | 0.009139 | −0.028% | $6K | $3K | — | as long as short |
| MEXC PEOPLE_USDT | +0.0067% | 8h | 0.009146 | +0.044% | $676K | $306K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0072% | 8h | 0.009146 | +0.044% | $3.3M | $8.5M | 20x | as long as short |
| BloFin PEOPLE-USDT | +0.0086% | 8h | 0.009112 | −0.328% | $348K | $86K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009153 | +0.120% | $425K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009136 | −0.060% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009149 | +0.077% | $5.6M | $15.2M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009142 | 0.000% | $1.6M | $2.2M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009144 | +0.022% | $752K | $1.5M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009143 | +0.011% | $1.7M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDTlong | +0.0100% | 8h | 0.009142 | long leg | — | $5.7M | — | |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009150 | +0.088% | $43K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009144 | +0.025% | $182 | — | 5x | as long as short |
Gate PEOPLE_USDT
Bitget PEOPLEUSDT
HTX PEOPLE-USDT
Extended PEOPLE-USD