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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Hyperliquid−0.011%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$930.935% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.238%−$24 on $10k
Price spread, last 4 days (all we have)−0.290%−$29 · spread now −0.011%, 7d avg +0.056%
Together, before fees−0.528%+ Points / potential airdropHyperliquid: Season 2 · farm board−$53 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: Gate is 0.067% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PEOPLE0.0091620.0100pay 0.0013% / 1h14m 42s$425K$212K3x
ShortGate PEOPLE_USDT0.0091610.0100get 0.0100% / 8h2h 14m$769K$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.011% → +0.056%
−$6.73
Slippage, 4 orders
−$69.48
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$100.21
Costs to cover
0.935%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 69 min ago; Gate: live order book, 3 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, 69 min ago1.09 bp17.9 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago4.91 bp38.5 bp −$39199.2 bp −$1,992doesn'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−0.1439%1h0.009153−0.102%$35K$45K10xas long as short
KuCoin PEOPLEUSDTM−0.0134%8h0.009150−0.131%$664K$123K50xas long as short
Variational Omni PEOPLE−0.0091%8h0.009143−0.212%$6K$4Kas long as short
Bybit PEOPLEUSDT+0.0048%8h0.009158−0.044%$1.6M$2.1M50xas long as short
Hyperliquid PEOPLElong+0.0100%1h0.009162long leg$425K$212K3x
Aster PEOPLEUSDT+0.0100%8h0.009156−0.067%$8K$75K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009158−0.044%$5.5M$15.1M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009152−0.109%$3.3M$8.4M20xas long as short
Gate PEOPLE_USDTshort+0.0100%8h0.009161−0.011%$769K$1.4M50x
MEXC PEOPLE_USDT+0.0100%8h0.009154−0.087%$674K$305K200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDT+0.0100%8h0.009159−0.033%$1.6M$1.1M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009154−0.087%$5.7Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009146−0.175%$44K$52K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009157−0.059%$1835xas long as short
BloFin PEOPLE-USDT+0.0120%8h0.009157−0.055%$350K$85K50xas long as short