Funding you earn now, next payment 00:00 UTC−0.0277%/8h= −30.3% APRnext payment −$2.77 per $10,000 · paid last 24h −0.014%
Price spread now: KuCoin against BloFin−0.164%50s7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.013% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.164%, 7d avg −0.090%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.074% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.090%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.77 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 | BloFin PEOPLE-USDT | 0.009134 | 0.0128 | pay 0.0128% / 8h | 1h 46m | $348K | $84K | 50x |
| Short | KuCoin PEOPLEUSDTM | 0.009119 | −0.0149 | pay 0.0149% / 8h | 1h 46m | $651K | $123K | 50x |
BloFin PEOPLE-USDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$58.08
- Price spread: −0.164% → −0.090%
- −$7.44
- Slippage, 4 orders
- −$77.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$166.83
- Costs to cover
- 1.013%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; KuCoin: live order book, 27 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 BloFin live order book, 34 min ago | 1.09 bp | 12.6 bp −$13 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 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 | −0.1239% | 1h | 0.009136 | +0.023% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0149% | 8h | 0.009119 | −0.164% | $651K | $123K | 50x | |
| Variational Omni PEOPLE | −0.0059% | 8h | 0.009146 | +0.128% | $6K | $4K | — | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009137 | +0.033% | $424K | $212K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009137 | +0.032% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009140 | +0.070% | $5.5M | $15.1M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009132 | −0.022% | $1.6M | $2.1M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009136 | +0.022% | $3.3M | $8.4M | 20x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009141 | +0.077% | $768K | $1.4M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009124 | −0.109% | $671K | $302K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDT
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009127 | −0.077% | $1.6M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009130 | −0.044% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009129 | −0.055% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009133 | −0.016% | $183 | — | 5x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0128% | 8h | 0.009134 | long leg | $348K | $84K | 50x |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD