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

PEOPLE

all PEOPLE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.004%
Price spread now: BloFin against Hyperliquid+0.054%47s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as 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
Long on HyperliquidShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.054%, 7d avg +0.011%
Together, before fees+0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.044% dearer against Hyperliquid than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PEOPLE0.0092270.0100pay 0.0013% / 1h50m 20s$427K$223K3x
ShortBloFin PEOPLE-USDT0.0092320.0112get 0.0112% / 8h4h 50m$355K$98K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$2.48
Price spread: +0.054% → +0.011%
$4.35
Slippage, 4 orders
−$48.73
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$62.9
Costs to cover
0.697%
Break-even
184.6 days
Slippage from Hyperliquid: live order book, 40 min ago; BloFin: live order book, 42 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, 40 min ago1.61 bp17.4 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 42 min ago2.14 bp19.4 bp −$1938.6 bp −$386doesn'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−0.0888%1h0.009216−0.119%$35K$46K10xas long as short
Gate PEOPLE_USDT−0.0370%8h0.009229+0.022%$738K$1.5M50xas long as short
KuCoin PEOPLEUSDTM−0.0053%8h0.009223−0.043%$656K$151K50xas long as short
Variational Omni PEOPLE−0.0037%8h0.009218−0.099%$6K$2K—as long as short
Bybit PEOPLEUSDT+0.0020%8h0.009215−0.130%$1.7M$2.4M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0053%8h0.009203−0.260%$3.3M$8.8M20xas long as short
MEXC PEOPLE_USDT+0.0055%8h0.009213−0.152%$685K$299K200xas long as short
Hyperliquid PEOPLElong+0.0100%1h0.009227long leg$427K$223K3x
Aster PEOPLEUSDT+0.0100%8h0.009223−0.042%$9K$79K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009221−0.060%$5.7M$16.5M50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDT+0.0100%8h0.009221−0.065%$1.8M$1.3M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009226−0.011%—$7.5M—as long as short
HTX PEOPLE-USDT+0.0100%8h0.009220−0.076%$43K$53K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009221−0.063%$185—5xas long as short
BloFin PEOPLE-USDTshort+0.0112%8h0.009232+0.054%$355K$98K50x