Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1118%/8h= −122.4% APRpaid last 24h −0.064%

Price spread now: Kraken Futures against KuCoin+0.122%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.122% dearer against KuCoin than usual: you sell high and buy low (spread +0.122% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEOPLEUSDTM	0.009155	−0.0117	get 0.0117% / 8h	1h 24m	$653K	$123K	50x
Short	Kraken Futures PF_PEOPLEUSD	0.009166	−0.1235	pay 0.0154% / 1h	24m 07s	$35K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$234.72
Price spread: +0.122% → 0.000%: $12.18
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$244.55
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 49 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 49 min ago	11.52 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PEOPLEUSDshort	−0.1235%	1h	0.009166	+0.122%	$35K	$45K	10x
KuCoin PEOPLEUSDTMlong	−0.0117%	8h	0.009155	long leg	$653K	$123K	50x
Variational Omni PEOPLE	−0.0046%	8h	0.009151	−0.045%	$6K	$4K	—	as long as short
BloFin PEOPLE-USDT	+0.0086%	8h	0.009162	+0.076%	$349K	$85K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009173	+0.197%	$426K	$212K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009177	+0.244%	$8K	$75K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009173	+0.193%	$5.6M	$15.1M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009175	+0.218%	$1.6M	$2.1M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009172	+0.186%	$3.3M	$8.5M	20x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009177	+0.240%	$772K	$1.4M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009179	+0.262%	$677K	$303K	200x	as long as short
Bitget PEOPLEUSDT	+0.0100%	8h	0.009168	+0.142%	$1.6M	$1.1M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009185	+0.328%	—	$5.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009171	+0.175%	$44K	$52K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009171	+0.173%	$183	—	5x	as long as short