Funding you earn now, next payment 08:00 UTC−0.0162%/8h= −17.7% APRnext payment −$1.62 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against Bitget−0.152%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1521.516% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.152%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.082% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PEOPLEUSDT | 0.009211 | 0.0100 | pay 0.0100% / 8h | 7h 47m | $1.8M | $1.2M | 50x |
| Short | KuCoin PEOPLEUSDTM | 0.009197 | −0.0062 | pay 0.0062% / 8h | 7h 47m | $658K | $123K | 50x |
Bitget PEOPLEUSDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$34.02
- Price spread: −0.152% → −0.070%
- −$8.22
- Slippage, 4 orders
- −$127.6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$193.84
- Costs to cover
- 1.516%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 6 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 Bitget live order book, 4 min ago | 3.25 bp | 25.6 bp −$26 | 54.8 bp −$548 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 13.57 bp | 29.4 bp −$29 | 1039.2 bp −$10.4K | 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 | −0.1358% | 1h | 0.009199 | −0.127% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.1232% | 8h | 0.009200 | −0.119% | $720K | $1.5M | 50x | as long as short |
| Bybit PEOPLEUSDT | −0.0171% | 8h | 0.009204 | −0.076% | $1.6M | $2.2M | 50x | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0062% | 8h | 0.009197 | −0.152% | $658K | $123K | 50x | |
| Variational Omni PEOPLE | −0.0021% | 8h | 0.009209 | −0.026% | $6K | $3K | — | as long as short |
| BloFin PEOPLE-USDT | +0.0098% | 8h | 0.009202 | −0.098% | $350K | $87K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009212 | +0.011% | $426K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009213 | +0.021% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009206 | −0.054% | $5.6M | $15.3M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009203 | −0.087% | $3.4M | $8.6M | 20x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Bybit PEOPLEUSDT
Variational Omni PEOPLE
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009210 | −0.011% | $681K | $302K | 200x | as long as short |
| Bitget PEOPLEUSDTlong | +0.0100% | 8h | 0.009211 | long leg | $1.8M | $1.2M | 50x | |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009206 | −0.054% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009214 | +0.033% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009205 | −0.064% | $184 | — | 5x | as long as short |
MEXC PEOPLE_USDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD