Funding you earn now, next payment 00:00 UTC+0.0211%/8h= +23.1% APRnext payment +$2.11 per $10,000 · paid last 24h +0.009%
Price spread now: MEXC against KuCoin+0.109%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1151.150% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.109%, 7d avg +0.147%
=Funding pays, the price is against you. MEXC is 0.038% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.109% now, against its 7-day average of +0.147%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.054% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 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 | 0.009133 | −0.0131 | get 0.0131% / 8h | 15m 42s | $653K | $123K | 50x |
| Short | MEXC PEOPLE_USDT | 0.009143 | 0.0080 | get 0.0080% / 8h | 15m 42s | $678K | $307K | 200x |
KuCoin PEOPLEUSDTM
MEXC PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $44.31
- Price spread: +0.109% → +0.147%
- −$3.77
- Slippage, 4 orders
- −$99.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$74.48
- Costs to cover
- 1.150%
- Break-even
- 18.8 days
Slippage from KuCoin: live order book, 48 min ago; MEXC: live order book, 55 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, 48 min ago | 12.59 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 55 min ago | 1.09 bp | 10.2 bp −$10 | 46.0 bp −$460 | 264.8 bp −$26.5K | 507.1 bp −$253.5K |
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 | −0.1072% | 1h | 0.009141 | +0.084% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTMlong | −0.0131% | 8h | 0.009133 | long leg | $653K | $123K | 50x | |
| Variational Omni PEOPLE | −0.0012% | 8h | 0.009138 | +0.057% | $6K | $3K | — | as long as short |
| MEXC PEOPLE_USDTshort | +0.0080% | 8h | 0.009143 | +0.109% | $678K | $307K | 200x | |
| OKX PEOPLE-USDT-SWAP | +0.0081% | 8h | 0.009136 | +0.033% | $3.3M | $8.5M | 20x | as long as short |
| BloFin PEOPLE-USDT | +0.0083% | 8h | 0.009150 | +0.186% | $349K | $86K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009149 | +0.175% | $424K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009152 | +0.211% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009143 | +0.115% | $5.5M | $15.2M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009144 | +0.120% | $1.6M | $2.2M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
OKX PEOPLE-USDT-SWAP
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009144 | +0.120% | $749K | $1.5M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009145 | +0.131% | $1.7M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009150 | +0.186% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009142 | +0.099% | $43K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009145 | +0.137% | $182 | — | 5x | as long as short |
Gate PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD