Settings8H · net · $10k
Funding arb · Price arb /

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.022%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1061.057% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.535%+$53 · spread now +0.022%, 7d avg +0.015%
Together, before fees+0.533%+ Points / potential airdropHyperliquid: Season 2 · farm board+$53 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PEOPLEUSDT0.0092450.0100pay 0.0100% / 8h5h 45m$1.8M$1.3M50x
ShortHyperliquid PEOPLE0.0092470.0100get 0.0013% / 1h45m 04s$427K$224K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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

Funding earned
$0
Price spread: +0.022% → +0.015%
$0.69
Slippage, 4 orders
−$84.7
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$105
Costs to cover
1.057%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago4.89 bp49.7 bp −$50147.4 bp −$1,474doesn't fitdoesn't fit
Sell Hyperliquid live order book, 55 min ago3.26 bp24.2 bp −$24doesn't fitdoesn't fitdoesn't fit

PEOPLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSD−0.1076%1h0.009242−0.029%$36K$46K10xas long as short
Gate PEOPLE_USDT−0.0663%8h0.009230−0.162%$736K$1.5M50xas long as short
Variational Omni PEOPLE−0.0021%8h0.009196−0.531%$6K$2Kas long as short
KuCoin PEOPLEUSDTM−0.0016%8h0.009221−0.260%$671K$147K50xas long as short
BloFin PEOPLE-USDT+0.0093%8h0.009251+0.065%$96K50xas long as short
Hyperliquid PEOPLEshort+0.0100%1h0.009247+0.022%$427K$224K3x
Aster PEOPLEUSDT+0.0100%8h0.009235−0.110%$9K$77K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009249+0.043%$5.7M$16.3M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.009238−0.076%$1.7M$2.4M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009240−0.054%$3.3M$8.7M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PEOPLE_USDT+0.0100%8h0.009241−0.043%$682K$297K200xas long as short
Bitget PEOPLEUSDTlong+0.0100%8h0.009245long leg$1.8M$1.3M50x
BingX PEOPLE-USDT+0.0100%8h0.009236−0.097%$7.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009236−0.097%$44K$53K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009244−0.009%$1855xas long as short