Settings8H · net · $10k
Funding arb · Price arb /

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against Bitget−0.075%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1111.110% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.128%−$13 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.075%, 7d avg −0.065%
Together, before fees−0.170%−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PEOPLEUSDT0.0093550.0100pay 0.0100% / 8h7h 00m$1.8M$1.4M50x
ShortKuCoin PEOPLEUSDTM0.0093480.0100get 0.0100% / 8h7h 00m$671K$157K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.075% → −0.065%
−$0.95
Slippage, 4 orders
−$86.98
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$111.93
Costs to cover
1.110%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago6.42 bp19.2 bp −$1963.0 bp −$630doesn't fitdoesn't fit
Sell KuCoin live order book, 34 min ago16.24 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit

PEOPLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSD−0.1130%1h0.009341−0.145%$36K$48K10xas long as short
Variational Omni PEOPLE−0.0026%8h0.009336−0.206%$6K$5Kas long as short
MEXC PEOPLE_USDT+0.0087%8h0.009351−0.043%$727K$336K200xas long as short
OKX PEOPLE-USDT-SWAP+0.0087%8h0.009350−0.053%$3.4M$9.5M20xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009351−0.043%$439K$333K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009360+0.050%$10K$95K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009365+0.111%$5.7M$18.0M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.0093550.000%$1.7M$2.8M50xas long as short
Gate PEOPLE_USDT+0.0100%8h0.009361+0.064%$784K$1.7M50xas long as short
KuCoin PEOPLEUSDTMshort+0.0100%8h0.009348−0.075%$671K$157K50x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDTlong+0.0100%8h0.009355long leg$1.8M$1.4M50x
BingX PEOPLE-USDT+0.0100%8h0.0093550.000%$10.7Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009354−0.011%$44K$48K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009353−0.017%$1875xas long as short
BloFin PEOPLE-USDT+0.0105%8h0.009342−0.139%$352K$112K50xas long as short