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Funding arb · Price arb /

PEOPLE

all PEOPLE markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC+0.0688%/8h= +75.3% APRpaid last 24h +0.175%
Price spread now: Bybit against Kraken Futures−0.138%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bybit
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. Bybit is 0.138% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 16 hours of funding at the current rate (+$21 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PEOPLEUSD0.009260−0.0594get 0.0074% / 1h51m 17s$36K$48K10x
ShortBybit PEOPLEUSDT0.0092470.0094get 0.0094% / 8h2h 51m$1.7M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$144.39
Price spread: −0.138% → 0.000%
−$13.82
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$109.57
Costs to cover
0.210%
Break-even
1.7 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Bybit live order book, 1 min ago2.71 bp29.7 bp −$3065.8 bp −$658doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSDlong−0.0594%1h0.009260long leg$36K$48K10x
Gate PEOPLE_USDT−0.0133%8h0.009241−0.203%$712K$1.6M50xas long as short
Variational Omni PEOPLE−0.0035%8h0.009317+0.622%$7K$3K—as long as short
KuCoin PEOPLEUSDTM+0.0028%8h0.009236−0.257%$660K$160K50xas long as short
Bybit PEOPLEUSDTshort+0.0094%8h0.009247−0.138%$1.7M$2.7M50x
BloFin PEOPLE-USDT+0.0098%8h0.009302+0.456%$362K$105K50xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009251−0.095%$440K$330K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009253−0.077%$10K$94K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009253−0.077%$5.8M$17.9M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009259−0.009%$3.4M$9.4M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PEOPLE_USDT+0.0100%8h0.009248−0.127%$695K$311K200xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009252−0.084%$1.8M$1.3M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009239−0.225%—$7.5M—as long as short
HTX PEOPLE-USDT+0.0100%8h0.009263+0.035%$44K$50K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009250−0.104%$185—5xas long as short