Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0556%/8h= −60.9% APRpaid last 24h −0.187%

Price spread now: Kraken Futures against Gate−0.143%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Kraken Futures is 0.143% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PEOPLE_USDT	0.009348	0.0100	pay 0.0100% / 8h	1h 42m	$778K	$1.7M	50x
Short	Kraken Futures PF_PEOPLEUSD	0.009335	−0.0456	pay 0.0057% / 1h	42m 05s	$36K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$116.84
Price spread: −0.143% → 0.000%: −$14.32
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$156.16
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, just now; 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 Gate live order book, just now	10.70 bp	25.8 bp −$26	164.0 bp −$1,640	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	−0.0456%	1h	0.009335	−0.143%	$36K	$48K	10x
Variational Omni PEOPLE	−0.0020%	8h	0.009339	−0.098%	$6K	$5K	—	as long as short
KuCoin PEOPLEUSDTM	+0.0085%	8h	0.009332	−0.171%	$678K	$163K	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009340	−0.086%	$443K	$330K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009339	−0.092%	$11K	$96K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009346	−0.021%	$5.7M	$18.5M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009335	−0.139%	$1.7M	$2.8M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009333	−0.160%	$3.4M	$9.7M	20x	as long as short
Gate PEOPLE_USDTlong	+0.0100%	8h	0.009348	long leg	$778K	$1.7M	50x
MEXC PEOPLE_USDT	+0.0100%	8h	0.009335	−0.139%	$731K	$321K	200x	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	0.009349	+0.011%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009341	−0.075%	—	$9.1M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009342	−0.064%	$44K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009341	−0.079%	$187	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0106%	8h	0.009336	−0.128%	$354K	$108K	50x	as long as short