PEOPLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0132%/8h= −14.5% APRnext payment −$1.32 per $10,000 · paid last 24h +0.027%

Price spread now: Gate against KuCoin+0.109%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1341.342% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.109%, 7d avg +0.133%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.133%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PEOPLEUSDTM	0.009212	0.0031	pay 0.0031% / 8h	6h 35m	$695K	$140K	50x
Short	Gate PEOPLE_USDT	0.009222	−0.0101	pay 0.0101% / 8h	6h 35m	$703K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.109%Rate

Funding earned: −$27.72
Price spread: +0.109% → +0.133%: −$2.49
Slippage, 4 orders: −$107.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$164.39
Costs to cover: 1.342%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	12.53 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.14 bp	30.8 bp −$31	152.8 bp −$1,528	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	−0.1287%	1h	0.009232	+0.220%	$36K	$45K	10x	as long as short
Gate PEOPLE_USDTshort	−0.0101%	8h	0.009222	+0.109%	$703K	$1.5M	50x
Variational Omni PEOPLE	−0.0022%	8h	0.009223	+0.120%	$6K	$3K	—	as long as short
KuCoin PEOPLEUSDTMlong	+0.0031%	8h	0.009212	long leg	$695K	$140K	50x
BloFin PEOPLE-USDT	+0.0081%	8h	0.009330	+1.281%	$356K	$90K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009233	+0.228%	$426K	$217K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009230	+0.199%	$7K	$73K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009234	+0.240%	$5.6M	$16.0M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009230	+0.195%	$1.7M	$2.3M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009239	+0.293%	$3.3M	$8.8M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PEOPLE_USDT	+0.0100%	8h	0.009225	+0.141%	$687K	$293K	200x	as long as short
Bitget PEOPLEUSDT	+0.0100%	8h	0.009234	+0.239%	$1.8M	$1.2M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009221	+0.098%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009220	+0.087%	$44K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009230	+0.198%	$184	—	5x	as long as short