Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0693%/8h= −75.8% APRpaid last 24h −0.175%

Price spread now: Kraken Futures against Aster+0.103%7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.103% dearer against Aster than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PEOPLEUSDT	0.009270	0.0100	pay 0.0100% / 8h	2h 12m	$11K	$96K	5x
Short	Kraken Futures PF_PEOPLEUSD	0.009280	−0.0593	pay 0.0074% / 1h	12m 11s	$36K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$145.45
Price spread: +0.103% → 0.000%: $10.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$153.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster and 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	−0.0593%	1h	0.009280	+0.103%	$36K	$48K	10x
Variational Omni PEOPLE	−0.0045%	8h	0.009223	−0.512%	$5K	$5K	—	as long as short
KuCoin PEOPLEUSDTM	+0.0067%	8h	0.009263	−0.080%	$674K	$162K	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009283	+0.136%	$1.7M	$2.8M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009285	+0.157%	$441K	$330K	3x	as long as short
Aster PEOPLEUSDTlong	+0.0100%	8h	0.009270	long leg	$11K	$96K	5x
Binance PEOPLEUSDT	+0.0100%	8h	0.009286	+0.172%	$5.7M	$18.3M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009290	+0.211%	$3.4M	$9.6M	20x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009278	+0.082%	$780K	$1.7M	50x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009274	+0.039%	$715K	$325K	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	0.009283	+0.136%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009293	+0.244%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009280	+0.103%	$43K	$51K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009279	+0.092%	$186	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0126%	8h	0.009285	+0.157%	$353K	$107K	50x	as long as short