Funding you earn now, next payment 00:00 UTC−0.0225%/8hnext payment −$2.25 per $10,000 · paid last 24h −0.009%
Price spread now: KuCoin against Gate−0.055%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1261.259% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)−0.078%−$8 · spread now −0.055%, 7d avg −0.136%
=The price spread pays, funding is against you. KuCoin is 0.081% dearer against Gate than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.136%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 29 hours. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEOPLE_USDT | 0.009103 | 0.0095 | pay 0.0095% / 8h | 4h 23m | $763K | $1.5M | 50x |
| Short | KuCoin PEOPLEUSDTM | 0.009098 | −0.0130 | pay 0.0130% / 8h | 4h 23m | $656K | $121K | 50x |
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- −$47.25
- Price spread: −0.055% → −0.136%
- $8.13
- Slippage, 4 orders
- −$98.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$165.04
- Costs to cover
- 1.259%
- Break-even
- never at this rate
Slippage from Gate: live order book, 8 min ago; KuCoin: live order book, 4 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 Gate live order book, 8 min ago | 3.30 bp | 28.8 bp −$29 | 168.2 bp −$1,682 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.83 bp | 33.8 bp −$34 | 1886.0 bp −$18.9K | 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 | −0.1186% | 1h | 0.009090 | −0.144% | $35K | $45K | 10x | as long as short |
| KuCoin PEOPLEUSDTMshort | −0.0130% | 8h | 0.009098 | −0.055% | $656K | $121K | 50x | |
| Variational Omni PEOPLE | −0.0006% | 8h | 0.009065 | −0.418% | $6K | $4K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0087% | 8h | 0.009086 | −0.187% | $1.6M | $2.1M | 50x | as long as short |
| Gate PEOPLE_USDTlong | +0.0095% | 8h | 0.009103 | long leg | $763K | $1.5M | 50x | |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009094 | −0.099% | $429K | $213K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009113 | +0.110% | $8K | $72K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009095 | −0.088% | $5.4M | $14.7M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009090 | −0.143% | $3.2M | $8.1M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009091 | −0.132% | $656K | $307K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Variational Omni PEOPLE
Bybit PEOPLEUSDT
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 | 0.009102 | −0.011% | $1.6M | $1.1M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009095 | −0.088% | — | $5.4M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009116 | +0.143% | $43K | $55K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009093 | −0.108% | $182 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0112% | 8h | 0.009111 | +0.088% | $348K | $81K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT