Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.004%
Price spread now: Hyperliquid against BloFin+0.065%87s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.065%, 7d avg −0.011%
=Together, before fees−0.158%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.076% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PEOPLE-USDT | 0.009191 | 0.0077 | pay 0.0077% / 8h | 4h 47m | $354K | $97K | 50x |
| Short | Hyperliquid PEOPLE | 0.009197 | 0.0100 | get 0.0013% / 1h | 47m 34s | $425K | $226K | 3x |
BloFin PEOPLE-USDT
Hyperliquid PEOPLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $4.83
- Price spread: +0.065% → −0.011%
- $7.59
- Slippage, 4 orders
- −$48.73
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$57.31
- Costs to cover
- 0.697%
- Break-even
- 90.1 days
Slippage from BloFin: live order book, 44 min ago; Hyperliquid: live order book, 42 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 BloFin live order book, 44 min ago | 2.14 bp | 14.6 bp −$15 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 42 min ago | 1.61 bp | 18.3 bp −$18 | doesn't fit | 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 | −0.0891% | 1h | 0.009189 | −0.026% | $35K | $46K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0350% | 8h | 0.009198 | +0.076% | $735K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0050% | 8h | 0.009181 | −0.109% | $653K | $151K | 50x | as long as short |
| Variational Omni PEOPLE | −0.0037% | 8h | 0.009218 | +0.293% | $6K | $2K | — | as long as short |
| Bybit PEOPLEUSDT | +0.0016% | 8h | 0.009192 | +0.011% | $1.7M | $2.4M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0050% | 8h | 0.009188 | −0.033% | $683K | $299K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0051% | 8h | 0.009193 | +0.022% | $3.3M | $8.8M | 20x | as long as short |
| BloFin PEOPLE-USDTlong | +0.0077% | 8h | 0.009191 | long leg | $354K | $97K | 50x | |
| Hyperliquid PEOPLEshort | +0.0100% | 1h | 0.009197 | +0.065% | $425K | $226K | 3x | |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009201 | +0.109% | $9K | $80K | 5x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Variational Omni PEOPLE
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
OKX PEOPLE-USDT-SWAP
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009199 | +0.088% | $5.7M | $16.5M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009202 | +0.120% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009197 | +0.065% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009202 | +0.120% | $43K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009202 | +0.115% | $184 | — | 5x | as long as short |
Binance PEOPLEUSDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD