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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: MEXC against Hyperliquid+0.064%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.064%, 7d avg +0.055%
Together, before fees−0.182%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PEOPLE0.0093790.0100pay 0.0013% / 1h42m 05s$446K$331K3x
ShortMEXC PEOPLE_USDT0.0093850.0100get 0.0100% / 8h42m 05s$716K$322K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.064% → +0.055%
$0.9
Slippage, 4 orders
−$49.06
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$61.16
Costs to cover
0.621%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; MEXC: live order book, 53 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, 8 min ago1.60 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 53 min ago0.54 bp12.5 bp −$1343.5 bp −$435255.8 bp −$25.6K502.3 bp −$251.2K

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−0.0423%1h0.009373−0.060%$36K$48K10xas long as short
Variational Omni PEOPLE−0.0026%8h0.009393+0.146%$6K$5Kas long as short
Hyperliquid PEOPLElong+0.0100%1h0.009379long leg$446K$331K3x
Aster PEOPLEUSDT+0.0100%8h0.009392+0.134%$11K$96K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009393+0.153%$5.7M$18.6M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.009381+0.021%$1.7M$2.8M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009374−0.053%$3.5M$9.7M20xas long as short
Gate PEOPLE_USDT+0.0100%8h0.009385+0.064%$785K$1.7M50xas long as short
MEXC PEOPLE_USDTshort+0.0100%8h0.009385+0.064%$716K$322K200x
KuCoin PEOPLEUSDTM+0.0100%8h0.009382+0.032%$676K$165K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDT+0.0100%8h0.009391+0.128%$1.8M$1.4M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009381+0.021%$9.1Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009369−0.107%$44K$51K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009391+0.131%$1885xas long as short
BloFin PEOPLE-USDT+0.0108%8h0.009381+0.021%$356K$110K50xas long as short