Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h 0.000%
Price spread now: OKX against Hyperliquid−0.118%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$720.719% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.118%, 7d avg +0.053%
=Together, before fees+0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.171% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PEOPLE | 0.009311 | 0.0100 | pay 0.0013% / 1h | 10m 17s | $483K | $282K | 3x |
| Short | OKX PEOPLE-USDT-SWAP | 0.009300 | 0.0089 | get 0.0089% / 8h | 3h 10m | $3.4M | $9.4M | 20x |
Hyperliquid PEOPLE
OKX PEOPLE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Hyperliquid. 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
- −$2.28
- Price spread: −0.118% → +0.053%
- −$17.08
- Slippage, 4 orders
- −$52.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$91.27
- Costs to cover
- 0.719%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 70 min ago; OKX: live order book, 3 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 Hyperliquid live order book, 70 min ago | 1.62 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.07 bp | 20.4 bp −$20 | 61.8 bp −$618 | 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 | −0.0398% | 1h | 0.009301 | −0.105% | $36K | $47K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0151% | 8h | 0.009312 | +0.011% | $715K | $1.6M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0043% | 8h | 0.009318 | +0.078% | $7K | $3K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0006% | 8h | 0.009313 | +0.021% | $665K | $159K | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0080% | 8h | 0.009295 | −0.172% | $1.7M | $2.6M | 50x | as long as short |
| MEXC PEOPLE_USDT | +0.0088% | 8h | 0.009313 | +0.021% | $692K | $311K | 200x | as long as short |
| OKX PEOPLE-USDT-SWAPshort | +0.0089% | 8h | 0.009300 | −0.118% | $3.4M | $9.4M | 20x | |
| BloFin PEOPLE-USDT | +0.0091% | 8h | 0.009330 | +0.204% | $367K | $104K | 50x | as long as short |
| Hyperliquid PEOPLElong | +0.0100% | 1h | 0.009311 | long leg | $483K | $282K | 3x | |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009321 | +0.103% | $4K | $91K | 5x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDT
MEXC PEOPLE_USDT
BloFin PEOPLE-USDT
Aster PEOPLEUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009309 | −0.021% | $5.8M | $17.7M | 50x | as long as short |
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009316 | +0.054% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009318 | +0.075% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009316 | +0.054% | $44K | $50K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009305 | −0.060% | $187 | — | 5x | as long as short |
Binance PEOPLEUSDT
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD