Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0512%/8h= −56.0% APRpaid last 24h −0.191%

Price spread now: Kraken Futures against OKX+0.105%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.105% dearer against OKX than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PEOPLE-USDT-SWAP	0.009325	0.0087	pay 0.0087% / 8h	33m 06s	$3.4M	$9.7M	20x
Short	Kraken Futures PF_PEOPLEUSD	0.009335	−0.0425	pay 0.0053% / 1h	33m 06s	$36K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$107.48
Price spread: +0.105% → 0.000%: $10.51
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$116.97
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	1.07 bp	11.0 bp −$11	95.1 bp −$951	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 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_PEOPLEUSDshort	−0.0425%	1h	0.009335	+0.105%	$36K	$48K	10x
Variational Omni PEOPLE	−0.0039%	8h	0.009326	+0.013%	$6K	$5K	—	as long as short
OKX PEOPLE-USDT-SWAPlong	+0.0087%	8h	0.009325	long leg	$3.4M	$9.7M	20x
MEXC PEOPLE_USDT	+0.0090%	8h	0.009341	+0.172%	$707K	$323K	200x	as long as short
Bybit PEOPLEUSDT	+0.0094%	8h	0.009326	+0.011%	$1.7M	$2.8M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009326	+0.011%	$444K	$331K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009337	+0.127%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009331	+0.067%	$5.7M	$18.7M	50x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009342	+0.182%	$787K	$1.7M	50x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009339	+0.150%	$672K	$165K	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	0.009336	+0.118%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009326	+0.011%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009345	+0.214%	$44K	$51K	50x	as long as short
BloFin PEOPLE-USDT	+0.0100%	8h	0.009343	+0.193%	$355K	$110K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009349	+0.254%	$187	—	5x	as long as short