Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0478%/8h= −52.4% APRpaid last 24h −0.138%

Price spread now: Kraken Futures against Gate+0.027%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.027% dearer against Gate than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEOPLE_USDT	0.009252	−0.0596	get 0.0596% / 8h	5h 51m	$737K	$1.5M	50x
Short	Kraken Futures PF_PEOPLEUSD	0.009254	−0.1074	pay 0.0134% / 1h	51m 34s	$36K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$100.46
Price spread: +0.027% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$122.81
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 Gate live order book, 1 min ago	4.86 bp	33.4 bp −$33	160.1 bp −$1,601	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEOPLE on 14 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_PEOPLEUSDshort	−0.1074%	1h	0.009254	+0.027%	$36K	$45K	10x
Gate PEOPLE_USDTlong	−0.0596%	8h	0.009252	long leg	$737K	$1.5M	50x
Variational Omni PEOPLE	−0.0021%	8h	0.009267	+0.162%	$6K	$2K	—	as long as short
KuCoin PEOPLEUSDTM	+0.0018%	8h	0.009270	+0.195%	$677K	$146K	50x	as long as short
Bybit PEOPLEUSDT	+0.0086%	8h	0.009252	0.000%	$1.7M	$2.3M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009261	+0.097%	$428K	$224K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009268	+0.170%	$10K	$77K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009258	+0.065%	$5.7M	$16.2M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009255	+0.032%	$3.3M	$8.7M	20x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009256	+0.043%	$685K	$297K	200x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009253	+0.011%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009250	−0.022%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009258	+0.065%	$44K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009258	+0.067%	$186	—	5x	as long as short