PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.89 per $10,000 · paid last 24h +0.027%

Price spread now: BingX against KuCoin+0.043%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.043%, 7d avg +0.119%

Together, before fees+0.245%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.119%). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEOPLEUSDTM	0.009296	0.0011	pay 0.0011% / 8h	3h 02m	$664K	$159K	50x
Short	BingX PEOPLE-USDT	0.009300	0.0100	get 0.0100% / 8h	3h 02m	—	$7.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $18.69
Price spread: +0.043% → +0.119%: −$7.58
Slippage, 4 orders: −$82.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$93.7
Costs to cover: 1.048%
Break-even: 42.1 days

Slippage from KuCoin: live order book, 71 min ago; BingX: live order book, 5 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, 71 min ago	15.08 bp	38.5 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.30 bp	20.3 bp −$20	48.3 bp −$483	314.2 bp −$31.4K	437.4 bp −$218.7K

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	−0.0399%	1h	0.009282	−0.155%	$36K	$47K	10x	as long as short
Gate PEOPLE_USDT	−0.0161%	8h	0.009292	−0.043%	$715K	$1.6M	50x	as long as short
Variational Omni PEOPLE	−0.0040%	8h	0.009307	+0.122%	$7K	$3K	—	as long as short
KuCoin PEOPLEUSDTMlong	+0.0011%	8h	0.009296	long leg	$664K	$159K	50x
OKX PEOPLE-USDT-SWAP	+0.0088%	8h	0.009279	−0.183%	$3.4M	$9.4M	20x	as long as short
Bybit PEOPLEUSDT	+0.0088%	8h	0.009282	−0.151%	$1.7M	$2.7M	50x	as long as short
MEXC PEOPLE_USDT	+0.0090%	8h	0.009287	−0.097%	$694K	$316K	200x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009289	−0.075%	$486K	$285K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009299	+0.028%	$9K	$92K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009291	−0.054%	$5.8M	$17.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009294	−0.022%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDTshort	+0.0100%	8h	0.009300	+0.043%	—	$7.5M	—
HTX PEOPLE-USDT	+0.0100%	8h	0.009286	−0.108%	$44K	$50K	50x	as long as short
BloFin PEOPLE-USDT	+0.0100%	8h	0.009288	−0.086%	$360K	$104K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009286	−0.103%	$186	—	5x	as long as short