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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Hyperliquid against OKX+0.043%7-day average −0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.043%, 7d avg −0.046%
Together, before fees+0.089%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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: Hyperliquid is 0.090% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PEOPLE-USDT-SWAP0.0092050.0100pay 0.0100% / 8h5h 57m$3.4M$9.0M20x
ShortHyperliquid PEOPLE0.0092090.0100get 0.0013% / 1h57m 38s$435K$318K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: +0.043% → −0.046%
$8.97
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$10.03
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 4 min ago; Hyperliquid: live order book, 49 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago1.08 bp15.6 bp −$1678.5 bp −$785doesn't fitdoesn't fit
Sell Hyperliquid live order book, 49 min ago1.09 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PEOPLE on 15 exchanges

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−0.0700%1h0.009210+0.051%$36K$47K10xas long as short
Bybit PEOPLEUSDT−0.0085%8h0.009207+0.022%$1.7M$2.6M50xas long as short
Variational Omni PEOPLE−0.0056%8h0.009218+0.145%$5K$5Kas long as short
BloFin PEOPLE-USDT+0.0080%8h0.009244+0.424%$352K$109K50xas long as short
Hyperliquid PEOPLEshort+0.0100%1h0.009209+0.043%$435K$318K3x
Aster PEOPLEUSDT+0.0100%8h0.009218+0.145%$11K$76K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009211+0.061%$5.7M$16.9M50xas long as short
OKX PEOPLE-USDT-SWAPlong+0.0100%8h0.009205long leg$3.4M$9.0M20x
Gate PEOPLE_USDT+0.0100%8h0.009219+0.152%$771K$1.6M50xas long as short
MEXC PEOPLE_USDT+0.0100%8h0.009206+0.011%$697K$323K200xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEOPLEUSDTM+0.0100%8h0.009210+0.054%$691K$132K50xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009225+0.217%$1.8M$1.3M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009219+0.152%$12.4Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009218+0.141%$44K$42K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009209+0.046%$1855xas long as short