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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.151%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$830.829% 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)−0.301%−$30 · spread now +0.151%, 7d avg −0.013%
Together, before fees−0.300%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.163% dearer against Hyperliquid than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PEOPLE0.0092950.0100pay 0.0013% / 1h20m 18s$431K$211K3x
ShortBitget PEOPLEUSDT0.0093090.0100get 0.0100% / 8h7h 20m$1.8M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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: +0.151% → −0.013%
$16.33
Slippage, 4 orders
−$61.94
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$66.6
Costs to cover
0.829%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 30 min ago; Bitget: live order book, 2 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 Hyperliquid live order book, 30 min ago1.09 bp14.0 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago5.38 bp19.3 bp −$1943.1 bp −$431doesn'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−0.1343%1h0.009298+0.034%$36K$45K10xas long as short
Gate PEOPLE_USDT−0.0183%8h0.009296+0.011%$723K$1.5M50xas long as short
Variational Omni PEOPLE−0.0032%8h0.009280−0.162%$6K$3Kas long as short
KuCoin PEOPLEUSDTM−0.0004%8h0.009290−0.054%$663K$124K50xas long as short
Bybit PEOPLEUSDT+0.0089%8h0.0092950.000%$1.7M$2.2M50xas long as short
BloFin PEOPLE-USDT+0.0092%8h0.009294−0.011%$352K$88K50xas long as short
Hyperliquid PEOPLElong+0.0100%1h0.009295long leg$431K$211K3x
Aster PEOPLEUSDT+0.0100%8h0.009300+0.049%$9K$75K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009299+0.043%$5.7M$15.4M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009301+0.065%$3.4M$8.7M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PEOPLE_USDT+0.0100%8h0.009290−0.054%$706K$309K200xas long as short
Bitget PEOPLEUSDTshort+0.0100%8h0.009309+0.151%$1.8M$1.2M50x
BingX PEOPLE-USDT+0.0100%8h0.009299+0.043%$7.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009299+0.043%$44K$52K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009302+0.071%$1865xas long as short