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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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Funding you earn now, next payment 02:00 UTC+0.1316%/8h= +144.1% APRpaid last 24h +0.093%
Price spread now: KuCoin against Kraken Futures−0.146%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 KuCoin
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. KuCoin is 0.146% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.146% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 9 hours of funding at the current rate (+$39 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PEOPLEUSD0.009204−0.1290get 0.0161% / 1h38m 40s$36K$45K10x
ShortKuCoin PEOPLEUSDTM0.0091910.0026get 0.0026% / 8h6h 38m$693K$140K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$276.44
Price spread: −0.146% → 0.000%
−$14.57
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$239.88
Costs to cover
0.220%
Break-even
0.9 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 75 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 KuCoin live order book, 75 min ago13.57 bp29.4 bp −$291039.2 bp −$10.4Kdoesn'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−0.1290%1h0.009204long leg$36K$45K10x
Gate PEOPLE_USDT−0.0142%8h0.009181−0.254%$699K$1.5M50xas long as short
Variational Omni PEOPLE−0.0020%8h0.009223+0.203%$6K$3K—as long as short
KuCoin PEOPLEUSDTMshort+0.0026%8h0.009191−0.146%$693K$140K50x
BloFin PEOPLE-USDT+0.0081%8h0.009330+1.364%$356K$90K50xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009204−0.004%$425K$216K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009203−0.019%$7K$73K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009195−0.106%$5.6M$16.0M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.009186−0.200%$1.7M$2.3M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009183−0.233%$3.3M$8.7M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PEOPLE_USDT+0.0100%8h0.009192−0.135%$683K$293K200xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009194−0.113%$1.8M$1.2M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009188−0.178%—$7.5M—as long as short
HTX PEOPLE-USDT+0.0100%8h0.009204−0.004%$43K$53K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009192−0.130%$184—5xas long as short