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: KuCoin against Binance−0.179%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1421.416% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.179%, 7d avg −0.104%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.076% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PEOPLEUSDT | 0.009309 | 0.0100 | pay 0.0100% / 8h | 7h 23m | $5.7M | $15.4M | 50x |
| Short | KuCoin PEOPLEUSDTM | 0.009292 | −0.0009 | pay 0.0009% / 8h | 7h 23m | $664K | $124K | 50x |
Binance PEOPLEUSDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$22.89
- Price spread: −0.179% → −0.104%
- −$7.56
- Slippage, 4 orders
- −$119.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$172
- Costs to cover
- 1.416%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 30 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 Binance live order book, 3 min ago | 1.61 bp | 16.6 bp −$17 | 47.4 bp −$474 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 30 min ago | 13.57 bp | 29.4 bp −$29 | 1039.2 bp −$10.4K | 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 | −0.1342% | 1h | 0.009307 | −0.019% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0193% | 8h | 0.009300 | −0.093% | $724K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0022% | 8h | 0.009268 | −0.437% | $6K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0009% | 8h | 0.009292 | −0.179% | $664K | $124K | 50x | |
| BloFin PEOPLE-USDT | +0.0072% | 8h | 0.009300 | −0.093% | $352K | $88K | 50x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009313 | +0.046% | $431K | $210K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009310 | +0.013% | $9K | $75K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009309 | long leg | $5.7M | $15.4M | 50x | |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009297 | −0.125% | $1.7M | $2.2M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009306 | −0.029% | $3.4M | $8.7M | 20x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
BloFin PEOPLE-USDT
Hyperliquid PEOPLE
Aster PEOPLEUSDT
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009298 | −0.115% | $706K | $309K | 200x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009311 | +0.025% | $1.8M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009306 | −0.029% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009300 | −0.093% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009306 | −0.033% | $186 | — | 5x | as long as short |
MEXC PEOPLE_USDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD