Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: Binance against KuCoin+0.017%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$970.974% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.687%+$69 · spread now +0.017%, 7d avg +0.098%

Together, before fees+0.781%+$78 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.081% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEOPLEUSDTM	0.009175	0.0100	pay 0.0100% / 8h	7h 28m	$661K	$165K	50x
Short	Binance PEOPLEUSDT	0.009177	0.0100	get 0.0100% / 8h	7h 28m	$5.6M	$18.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.098%: −$8.14
Slippage, 4 orders: −$75.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$105.57
Costs to cover: 0.974%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 12 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 KuCoin live order book, 6 min ago	16.24 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.54 bp	18.7 bp −$19	56.0 bp −$560	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	−0.1151%	1h	0.009169	−0.069%	$36K	$48K	10x	as long as short
Gate PEOPLE_USDT	−0.0344%	8h	0.009177	+0.022%	$770K	$1.7M	50x	as long as short
Variational Omni PEOPLE	−0.0041%	8h	0.009195	+0.223%	$5K	$5K	—	as long as short
Bybit PEOPLEUSDT	−0.0029%	8h	0.009164	−0.120%	$1.7M	$2.8M	50x	as long as short
MEXC PEOPLE_USDT	+0.0047%	8h	0.009178	+0.033%	$699K	$329K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0049%	8h	0.009175	0.000%	$3.4M	$9.4M	20x	as long as short
BloFin PEOPLE-USDT	+0.0076%	8h	0.009177	+0.022%	$351K	$111K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009176	+0.011%	$430K	$346K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009179	+0.046%	$11K	$95K	5x	as long as short
Binance PEOPLEUSDTshort	+0.0100%	8h	0.009177	+0.017%	$5.6M	$18.3M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PEOPLEUSDTMlong	+0.0100%	8h	0.009175	long leg	$661K	$165K	50x
Bitget PEOPLEUSDT	+0.0100%	8h	0.009179	+0.044%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009172	−0.033%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009179	+0.044%	$43K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009175	−0.002%	$184	—	5x	as long as short