Funding you earn now, next payment 00:00 UTC+0.0212%/8h= +23.3% APRnext payment +$2.12 per $10,000 · paid last 24h +0.009%
Price spread now: OKX against KuCoin+0.164%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1401.403% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.164%, 7d avg +0.141%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.023% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.141%.
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 +$2.12 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 55s | $653K | $123K | 50x |
| Short | OKX PEOPLE-USDT-SWAP | 0.009148 | 0.0081 | get 0.0081% / 8h | 15m 55s | $3.3M | $8.6M | 20x |
KuCoin PEOPLEUSDTM
OKX PEOPLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $44.61
- Price spread: +0.164% → +0.141%
- $2.3
- Slippage, 4 orders
- −$118.35
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$93.43
- Costs to cover
- 1.403%
- Break-even
- 21.7 days
Slippage from KuCoin: live order book, 47 min ago; OKX: 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, 47 min ago | 12.59 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.55 bp | 24.4 bp −$24 | 62.3 bp −$623 | 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 | −0.1072% | 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_USDT | +0.0080% | 8h | 0.009143 | +0.109% | $678K | $307K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAPshort | +0.0081% | 8h | 0.009148 | +0.164% | $3.3M | $8.6M | 20x | |
| 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 | 0.009153 | +0.214% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009144 | +0.123% | $5.5M | $15.2M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009146 | +0.142% | $1.6M | $2.2M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
MEXC PEOPLE_USDT
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% | $750K | $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