Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1102%/8h= +120.7% APRpaid last 24h +0.164%

Price spread now: Variational Omni against Kraken Futures−0.195%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.195% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 14 hours of funding at the current rate (+$33 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PEOPLEUSD	0.009354	−0.1128	get 0.0141% / 1h	59m 55s	$36K	$48K	10x
Short	Variational Omni PEOPLE	0.009336	−0.0026	pay 0.0026% / 8h	6h 59m	$6K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.195%Rate

Funding earned: $231.41
Price spread: −0.195% → 0.000%: −$19.49
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $201.92
Costs to cover: 0.100%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PEOPLEUSDlong	−0.1128%	1h	0.009354	long leg	$36K	$48K	10x
Variational Omni PEOPLEshort	−0.0026%	8h	0.009336	−0.195%	$6K	$5K	—
MEXC PEOPLE_USDT	+0.0087%	8h	0.009354	0.000%	$728K	$336K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0089%	8h	0.009343	−0.118%	$3.4M	$9.5M	20x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009344	−0.107%	$439K	$333K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009360	+0.060%	$10K	$95K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009351	−0.036%	$5.7M	$18.0M	50x	as long as short
Bybit PEOPLEUSDT	+0.0100%	8h	0.009350	−0.043%	$1.7M	$2.8M	50x	as long as short
Gate PEOPLE_USDT	+0.0100%	8h	0.009361	+0.075%	$784K	$1.7M	50x	as long as short
KuCoin PEOPLEUSDTM	+0.0100%	8h	0.009348	−0.064%	$671K	$157K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009352	−0.021%	$1.8M	$1.4M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009349	−0.053%	—	$10.7M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009369	+0.160%	$44K	$48K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009357	+0.037%	$187	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0105%	8h	0.009342	−0.128%	$352K	$112K	50x	as long as short