Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRnext payment −$1.14 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against Bybit+0.032%7-day average −0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1321.325% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.032%, 7d avg −0.105%
=The price spread pays, funding is against you. KuCoin is 0.137% dearer against Bybit than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.105%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.077% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PEOPLEUSDT | 0.009335 | 0.0096 | pay 0.0096% / 8h | 4h 09m | $1.7M | $2.4M | 50x |
| Short | KuCoin PEOPLEUSDTM | 0.009338 | −0.0018 | pay 0.0018% / 8h | 4h 09m | $665K | $151K | 50x |
Bybit PEOPLEUSDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$23.93
- Price spread: +0.032% → −0.105%
- $13.69
- Slippage, 4 orders
- −$109.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$142.74
- Costs to cover
- 1.325%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 4 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 Bybit live order book, 2 min ago | 2.68 bp | 27.1 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 15.08 bp | 30.0 bp −$30 | 1002.7 bp −$10.0K | 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 | −0.0875% | 1h | 0.009352 | +0.186% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0129% | 8h | 0.009345 | +0.107% | $744K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0018% | 8h | 0.009338 | +0.032% | $665K | $151K | 50x | |
| Variational Omni PEOPLE | −0.0017% | 8h | 0.009318 | −0.185% | $6K | $2K | — | as long as short |
| MEXC PEOPLE_USDT | +0.0078% | 8h | 0.009344 | +0.096% | $694K | $302K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0080% | 8h | 0.009334 | −0.011% | $3.3M | $8.9M | 20x | as long as short |
| Bybit PEOPLEUSDTlong | +0.0096% | 8h | 0.009335 | long leg | $1.7M | $2.4M | 50x | |
| BloFin PEOPLE-USDT | +0.0098% | 8h | 0.009333 | −0.021% | $357K | $100K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009347 | +0.129% | $470K | $257K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009342 | +0.073% | $5K | $85K | 5x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009344 | +0.096% | $5.7M | $16.7M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009344 | +0.096% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009341 | +0.064% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009350 | +0.161% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009341 | +0.059% | $187 | — | 5x | as long as short |
Binance PEOPLEUSDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD