Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against OKX+0.054%7-day average −0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$1000.999% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.054%, 7d avg −0.131%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.184% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.131%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PEOPLE-USDT-SWAP | 0.009323 | 0.0089 | pay 0.0089% / 8h | 35m 29s | $3.4M | $9.7M | 20x |
| Short | KuCoin PEOPLEUSDTM | 0.009328 | 0.0100 | get 0.0100% / 8h | 35m 29s | $672K | $164K | 50x |
OKX PEOPLE-USDT-SWAP
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- $2.32
- Price spread: +0.054% → −0.131%
- $18.42
- Slippage, 4 orders
- −$77.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$79.19
- Costs to cover
- 0.999%
- Break-even
- 245.4 days
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 9 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 OKX live order book, 3 min ago | 1.07 bp | 11.0 bp −$11 | 95.1 bp −$951 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 18.69 bp | 33.6 bp −$34 | doesn't fit | 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 | −0.0425% | 1h | 0.009321 | −0.024% | $36K | $48K | 10x | as long as short |
| Variational Omni PEOPLE | −0.0039% | 8h | 0.009326 | +0.034% | $6K | $5K | — | as long as short |
| OKX PEOPLE-USDT-SWAPlong | +0.0089% | 8h | 0.009323 | long leg | $3.4M | $9.7M | 20x | |
| Bybit PEOPLEUSDT | +0.0091% | 8h | 0.009328 | +0.054% | $1.7M | $2.8M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0094% | 8h | 0.009323 | 0.000% | $711K | $323K | 200x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009326 | +0.032% | $444K | $331K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009329 | +0.068% | $11K | $96K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009326 | +0.030% | $5.7M | $18.7M | 50x | as long as short |
| Gate PEOPLE_USDT | +0.0100% | 8h | 0.009339 | +0.172% | $786K | $1.7M | 50x | as long as short |
| KuCoin PEOPLEUSDTMshort | +0.0100% | 8h | 0.009328 | +0.054% | $672K | $164K | 50x |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Gate PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009332 | +0.097% | $1.8M | $1.4M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009324 | +0.011% | — | $10.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009326 | +0.032% | $44K | $51K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009329 | +0.059% | $187 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0115% | 8h | 0.009330 | +0.075% | $352K | $110K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT