Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against KuCoin−0.054%7-day average +0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1451.450% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.054%, 7d avg +0.112%
=Funding pays, the price is against you. Bybit is 0.166% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.112%). If the spread goes back, that is −$17 on $10k: about 8.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.060% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PEOPLEUSDTM | 0.009207 | −0.0078 | get 0.0078% / 8h | 7h 54m | $659K | $123K | 50x |
| Short | Bybit PEOPLEUSDT | 0.009202 | −0.0013 | pay 0.0013% / 8h | 7h 54m | $1.6M | $2.2M | 50x |
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $13.55
- Price spread: −0.054% → +0.112%
- −$16.63
- Slippage, 4 orders
- −$122.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$148.09
- Costs to cover
- 1.450%
- Break-even
- 83.5 days
Slippage from KuCoin: live order book, 69 min ago; Bybit: live order book, 2 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, 69 min ago | 12.59 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.62 bp | 23.2 bp −$23 | 65.8 bp −$658 | 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 | −0.1358% | 1h | 0.009196 | −0.122% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0701% | 8h | 0.009216 | +0.098% | $720K | $1.4M | 50x | as long as short |
| KuCoin PEOPLEUSDTMlong | −0.0078% | 8h | 0.009207 | long leg | $659K | $123K | 50x | |
| Variational Omni PEOPLE | −0.0018% | 8h | 0.009236 | +0.318% | $6K | $3K | — | as long as short |
| Bybit PEOPLEUSDTshort | −0.0013% | 8h | 0.009202 | −0.054% | $1.6M | $2.2M | 50x | |
| BloFin PEOPLE-USDT | +0.0083% | 8h | 0.009198 | −0.098% | $346K | $87K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009219 | +0.130% | $428K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009213 | +0.065% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009211 | +0.039% | $5.6M | $15.3M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009217 | +0.109% | $3.4M | $8.6M | 20x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009217 | +0.109% | $681K | $302K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009214 | +0.076% | $1.7M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009209 | +0.022% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009208 | +0.011% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009206 | −0.009% | $184 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD