Funding you earn now, next payment 00:00 UTC+0.0235%/8h= +25.7% APRnext payment +$2.35 per $10,000 · paid last 24h +0.009%
Price spread now: Gate against KuCoin+0.154%7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1281.281% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.154%, 7d avg +0.137%
=The price spread sits at its 7-day average of +0.137%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PEOPLEUSDTM | 0.009116 | −0.0135 | get 0.0135% / 8h | 2h 07m | $648K | $125K | 50x |
| Short | Gate PEOPLE_USDT | 0.009130 | 0.0100 | get 0.0100% / 8h | 2h 07m | $767K | $1.4M | 50x |
KuCoin PEOPLEUSDTM
Gate PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $49.35
- Price spread: +0.154% → +0.137%
- $1.67
- Slippage, 4 orders
- −$101.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$77.07
- Costs to cover
- 1.281%
- Break-even
- 17.9 days
Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago | 11.52 bp | 32.1 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.29 bp | 36.2 bp −$36 | 230.2 bp −$2,302 | 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 | −0.1445% | 1h | 0.009115 | −0.006% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTMlong | −0.0135% | 8h | 0.009116 | long leg | $648K | $125K | 50x | |
| Variational Omni PEOPLE | −0.0087% | 8h | 0.009112 | −0.041% | $6K | $4K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0060% | 8h | 0.009120 | +0.044% | $1.6M | $2.1M | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009122 | +0.066% | $424K | $212K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009120 | +0.045% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009120 | +0.044% | $5.5M | $15.1M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009114 | −0.022% | $3.3M | $8.4M | 20x | as long as short |
| Gate PEOPLE_USDTshort | +0.0100% | 8h | 0.009130 | +0.154% | $767K | $1.4M | 50x | |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009115 | −0.011% | $671K | $305K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
Bybit PEOPLEUSDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009129 | +0.143% | $1.6M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009121 | +0.055% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009120 | +0.044% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009119 | +0.033% | $183 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0126% | 8h | 0.009134 | +0.197% | $350K | $84K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT