Funding you earn now, next payment 01:00 UTC−0.1436%/8h= −157.2% APRpaid last 24h −0.101%
Price spread now: Kraken Futures against Bybit−0.207%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 −$43 a day on $10k at the current rate, and Kraken Futures is 0.207% cheaper against Bybit than usual: you would sell low and buy high (−$21 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 | Bybit PEOPLEUSDT | 0.009368 | 0.0100 | pay 0.0100% / 8h | 7h 05m | $1.7M | $2.2M | 50x |
| Short | Kraken Futures PF_PEOPLEUSD | 0.009349 | −0.1336 | pay 0.0167% / 1h | 5m 29s | $36K | $45K | 10x |
Bybit PEOPLEUSDT
Kraken Futures PF_PEOPLEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$301.56
- Price spread: −0.207% → 0.000%
- −$20.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$343.29
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 3.21 bp | 26.0 bp −$26 | 66.2 bp −$662 | 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 | −0.1336% | 1h | 0.009349 | −0.207% | $36K | $45K | 10x | |
| Gate PEOPLE_USDT | −0.0124% | 8h | 0.009363 | −0.053% | $728K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0024% | 8h | 0.009348 | −0.216% | $6K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0020% | 8h | 0.009362 | −0.064% | $711K | $132K | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0094% | 8h | 0.009391 | +0.246% | $354K | $89K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009363 | −0.053% | $433K | $211K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009365 | −0.031% | $9K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009371 | +0.030% | $5.7M | $15.5M | 50x | as long as short |
| Bybit PEOPLEUSDTlong | +0.0100% | 8h | 0.009368 | long leg | $1.7M | $2.2M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009365 | −0.032% | $3.4M | $8.7M | 20x | as long as short |
Gate PEOPLE_USDT
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance 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 | 0.009369 | +0.011% | $723K | $312K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009371 | +0.032% | $1.8M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009369 | +0.011% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009364 | −0.043% | $45K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009366 | −0.017% | $188 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD