Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1261%/8h= −138.1% APRpaid last 24h −0.101%

Price spread now: Kraken Futures against Variational Omni+0.126%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Kraken Futures is 0.126% dearer against Variational Omni than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PEOPLE	0.009242	−0.0023	get 0.0023% / 8h	6h 03m	$6K	$2K	—
Short	Kraken Futures PF_PEOPLEUSD	0.009254	−0.1283	pay 0.0160% / 1h	3m 11s	$36K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$264.79
Price spread: +0.126% → 0.000%: $12.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$262.15
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and Kraken Futures: 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 14 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_PEOPLEUSDshort	−0.1283%	1h	0.009254	+0.126%	$36K	$45K	10x
Gate PEOPLE_USDT	−0.0463%	8h	0.009249	+0.072%	$704K	$1.5M	50x	as long as short
Variational Omni PEOPLElong	−0.0023%	8h	0.009242	long leg	$6K	$2K	—
KuCoin PEOPLEUSDTM	+0.0021%	8h	0.009249	+0.072%	$676K	$146K	50x	as long as short
Bybit PEOPLEUSDT	+0.0092%	8h	0.009238	−0.047%	$1.7M	$2.3M	50x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009258	+0.169%	$429K	$222K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009267	+0.261%	$7K	$73K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009252	+0.104%	$5.7M	$16.2M	50x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0100%	8h	0.009246	+0.039%	$3.3M	$8.7M	20x	as long as short
MEXC PEOPLE_USDT	+0.0100%	8h	0.009252	+0.104%	$682K	$299K	200x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009250	+0.082%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009249	+0.072%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009257	+0.158%	$44K	$53K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009255	+0.139%	$185	—	5x	as long as short