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: Bitget against KuCoin+0.011%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1111.110% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.011%, 7d avg +0.065%

Together, before fees+0.234%+$23 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: Bitget is 0.055% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEOPLEUSDTM	0.009348	0.0100	pay 0.0100% / 8h	7h 01m	$671K	$157K	50x
Short	Bitget PEOPLEUSDT	0.009349	0.0100	get 0.0100% / 8h	7h 01m	$1.8M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.065%: −$5.46
Slippage, 4 orders: −$86.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$116.44
Costs to cover: 1.110%
Break-even: never at this rate

Slippage from KuCoin: live order book, 33 min ago; Bitget: live order book, 1 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, 33 min ago	16.24 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	6.42 bp	30.7 bp −$31	55.9 bp −$559	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	−0.1130%	1h	0.009341	−0.071%	$36K	$48K	10x	as long as short
Variational Omni PEOPLE	−0.0020%	8h	0.009342	−0.065%	$6K	$5K	—	as long as short
MEXC PEOPLE_USDT	+0.0085%	8h	0.009344	−0.043%	$727K	$336K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0087%	8h	0.009344	−0.043%	$3.4M	$9.5M	20x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009343	−0.053%	$438K	$332K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009345	−0.029%	$10K	$95K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009350	+0.023%	$5.7M	$18.0M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009341	−0.075%	$1.7M	$2.8M	50x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009350	+0.021%	$783K	$1.7M	50x	as long as short
KuCoin PEOPLEUSDTMlong	+0.0100%	8h	0.009348	long leg	$671K	$157K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDTshort	+0.0100%	8h	0.009349	+0.011%	$1.8M	$1.4M	50x
BingX PEOPLE-USDT	+0.0100%	8h	0.009344	−0.043%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009354	+0.064%	$44K	$48K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009348	−0.005%	$187	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0105%	8h	0.009342	−0.064%	$352K	$112K	50x	as long as short