Funding you earn now, next payment 08:00 UTC+0.0107%/8h= +11.7% APRnext payment +$1.07 per $10,000 · paid last 24h +0.027%
Price spread now: Binance against KuCoin−0.136%7-day average +0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1061.056% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.414%+$41 · spread now −0.136%, 7d avg +0.099%
=Funding pays, the price is against you. Binance is 0.235% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of +0.099%). If the spread goes back, that is −$23 on $10k: about 7.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.104% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PEOPLEUSDTM | 0.009509 | −0.0007 | get 0.0007% / 8h | 3h 39m | $667K | $154K | 50x |
| Short | Binance PEOPLEUSDT | 0.009496 | 0.0100 | get 0.0100% / 8h | 3h 39m | $6.0M | $17.3M | 50x |
KuCoin PEOPLEUSDTM
Binance PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $22.47
- Price spread: −0.136% → +0.099%
- −$23.46
- Slippage, 4 orders
- −$83.59
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.59
- Costs to cover
- 1.056%
- Break-even
- 40.2 days
Slippage from KuCoin: live order book, 34 min ago; Binance: live order book, 16 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, 34 min ago | 15.08 bp | 38.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.12 bp | 15.1 bp −$15 | 45.0 bp −$450 | 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 | −0.0390% | 1h | 0.009507 | −0.018% | $36K | $47K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0078% | 8h | 0.009498 | −0.116% | $758K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0023% | 8h | 0.009475 | −0.359% | $7K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTMlong | −0.0007% | 8h | 0.009509 | long leg | $667K | $154K | 50x | |
| MEXC PEOPLE_USDT | +0.0097% | 8h | 0.009505 | −0.042% | $704K | $300K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0099% | 8h | 0.009499 | −0.105% | $3.5M | $9.4M | 20x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009504 | −0.053% | $494K | $272K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009504 | −0.057% | $4K | $87K | 5x | as long as short |
| Binance PEOPLEUSDTshort | +0.0100% | 8h | 0.009496 | −0.136% | $6.0M | $17.3M | 50x | |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009488 | −0.221% | $1.8M | $2.5M | 50x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Bybit PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009510 | +0.011% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009501 | −0.084% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009506 | −0.032% | $45K | $50K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009507 | −0.022% | $190 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0120% | 8h | 0.009516 | +0.074% | $359K | $104K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT