Funding you earn now, next payment 07:00 UTC+0.0554%/8h= +60.6% APRpaid last 24h +0.187%
Price spread now: Binance against Kraken Futures+0.234%54s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$17 a day on $10k at the current rate, and Binance is 0.234% dearer against Kraken Futures than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PEOPLEUSD | 0.009394 | −0.0454 | get 0.0057% / 1h | 3m 27s | $36K | $48K | 10x |
| Short | Binance PEOPLEUSDT | 0.009416 | 0.0100 | get 0.0100% / 8h | 1h 03m | $5.7M | $18.5M | 50x |
Kraken Futures PF_PEOPLEUSD
Binance PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $116.24
- Price spread: +0.234% → 0.000%
- $23.44
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $119.68
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 7 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 1.07 bp | 17.5 bp −$17 | 45.3 bp −$453 | doesn't fit | doesn't fit |
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_PEOPLEUSDlong | −0.0454% | 1h | 0.009394 | long leg | $36K | $48K | 10x | |
| Variational Omni PEOPLE | −0.0037% | 8h | 0.009391 | −0.032% | $6K | $5K | — | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009410 | +0.172% | $446K | $330K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009415 | +0.225% | $11K | $96K | 5x | as long as short |
| Binance PEOPLEUSDTshort | +0.0100% | 8h | 0.009416 | +0.234% | $5.7M | $18.5M | 50x | |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009404 | +0.108% | $1.7M | $2.8M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009403 | +0.097% | $3.5M | $9.7M | 20x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009412 | +0.193% | $784K | $1.7M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009407 | +0.140% | $708K | $328K | 200x | as long as short |
| KuCoin PEOPLEUSDTM | +0.0100% | 8h | 0.009408 | +0.150% | $683K | $163K | 50x | as long as short |
Variational Omni PEOPLE
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
Gate PEOPLE_USDT
MEXC PEOPLE_USDT
KuCoin PEOPLEUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009410 | +0.172% | $1.8M | $1.4M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009412 | +0.193% | — | $9.1M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009405 | +0.118% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009420 | +0.275% | $188 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0118% | 8h | 0.009393 | −0.009% | $355K | $109K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT