Funding you earn now, next payment 08:00 UTC+0.0109%/8h= +11.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.027%
Price spread now: Bybit against KuCoin+0.109%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1341.345% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.644%+$64 · spread now +0.109%, 7d avg +0.106%
=The price spread sits at its 7-day average of +0.106%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PEOPLEUSDTM | 0.009193 | −0.0013 | get 0.0013% / 8h | 5h 46m | $669K | $147K | 50x |
| Short | Bybit PEOPLEUSDT | 0.009203 | 0.0096 | get 0.0096% / 8h | 5h 46m | $1.7M | $2.4M | 50x |
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $22.81
- Price spread: +0.109% → +0.106%
- $0.29
- Slippage, 4 orders
- −$111.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$111.37
- Costs to cover
- 1.345%
- Break-even
- 41.2 days
Slippage from KuCoin: live order book, 53 min ago; Bybit: live order book, 1 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, 53 min ago | 12.53 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.89 bp | 27.5 bp −$27 | 63.7 bp −$637 | 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 | −0.1081% | 1h | 0.009200 | +0.075% | $36K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0670% | 8h | 0.009208 | +0.163% | $734K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0021% | 8h | 0.009196 | +0.031% | $6K | $2K | — | as long as short |
| KuCoin PEOPLEUSDTMlong | −0.0013% | 8h | 0.009193 | long leg | $669K | $147K | 50x | |
| Bybit PEOPLEUSDTshort | +0.0096% | 8h | 0.009203 | +0.109% | $1.7M | $2.4M | 50x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009208 | +0.163% | $426K | $224K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009217 | +0.258% | $9K | $77K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009211 | +0.199% | $5.7M | $16.3M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009195 | +0.022% | $3.3M | $8.7M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009207 | +0.152% | $680K | $297K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Binance PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009195 | +0.022% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009202 | +0.098% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009200 | +0.076% | $43K | $53K | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0101% | 8h | 0.009224 | +0.337% | — | $96K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009213 | +0.216% | $184 | — | 5x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
BloFin PEOPLE-USDT
Extended PEOPLE-USD