Funding you earn now, next payment 08:00 UTC+0.0115%/8h= +12.6% APRnext payment +$1.15 per $10,000 · paid last 24h +0.027%
Price spread now: MEXC against KuCoin−0.108%7-day average +0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1021.019% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.108%, 7d avg +0.144%
=Funding pays, the price is against you. MEXC is 0.251% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.144%). If the spread goes back, that is −$25 on $10k: about 7.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.071% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PEOPLEUSDTM | 0.009274 | −0.0025 | get 0.0025% / 8h | 5h 25m | $674K | $147K | 50x |
| Short | MEXC PEOPLE_USDT | 0.009264 | 0.0090 | get 0.0090% / 8h | 5h 25m | $684K | $299K | 200x |
KuCoin PEOPLEUSDTM
MEXC PEOPLE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- $24.15
- Price spread: −0.108% → +0.144%
- −$25.15
- Slippage, 4 orders
- −$85.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$102.88
- Costs to cover
- 1.019%
- Break-even
- 36.8 days
Slippage from KuCoin: live order book, 73 min ago; MEXC: 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 KuCoin live order book, 73 min ago | 12.53 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 30 min ago | 1.63 bp | 13.6 bp −$14 | 34.4 bp −$344 | 246.7 bp −$24.7K | 488.3 bp −$244.2K |
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 | −0.1075% | 1h | 0.009246 | −0.298% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0567% | 8h | 0.009263 | −0.119% | $738K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0026% | 8h | 0.009239 | −0.382% | $6K | $2K | — | as long as short |
| KuCoin PEOPLEUSDTMlong | −0.0025% | 8h | 0.009274 | long leg | $674K | $147K | 50x | |
| Bybit PEOPLEUSDT | +0.0040% | 8h | 0.009261 | −0.140% | $1.7M | $2.4M | 50x | as long as short |
| BloFin PEOPLE-USDT | +0.0071% | 8h | 0.009241 | −0.356% | $354K | $97K | 50x | as long as short |
| MEXC PEOPLE_USDTshort | +0.0090% | 8h | 0.009264 | −0.108% | $684K | $299K | 200x | |
| OKX PEOPLE-USDT-SWAP | +0.0093% | 8h | 0.009262 | −0.129% | $3.3M | $8.7M | 20x | as long as short |
| Hyperliquid PEOPLE | +0.0100% | 1h | 0.009266 | −0.086% | $429K | $225K | 3x | as long as short |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009266 | −0.084% | $10K | $78K | 5x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
Bybit PEOPLEUSDT
BloFin PEOPLE-USDT
OKX PEOPLE-USDT-SWAP
Hyperliquid PEOPLE
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009266 | −0.083% | $5.7M | $16.3M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009265 | −0.097% | $1.8M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009263 | −0.119% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009246 | −0.302% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009270 | −0.039% | $185 | — | 5x | as long as short |
Binance PEOPLEUSDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD