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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0987%/8h= −108.1% APRpaid last 24h −0.156%
Price spread now: Kraken Futures against Aster−0.078%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Kraken Futures is 0.078% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PEOPLEUSDT0.0092330.0100pay 0.0100% / 8h4h 35m$10K$80K5x
ShortKraken Futures PF_PEOPLEUSD0.009226−0.0887pay 0.0111% / 1h35m 49s$35K$46K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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
−$207.36
Price spread: −0.078% → 0.000%
−$7.76
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$233.12
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Kraken Futures no order-book sample
Aster 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 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_PEOPLEUSDshort−0.0887%1h0.009226−0.078%$35K$46K10x
Gate PEOPLE_USDT−0.0226%8h0.009239+0.065%$736K$1.5M50xas long as short
KuCoin PEOPLEUSDTM−0.0029%8h0.0092330.000%$657K$151K50xas long as short
Variational Omni PEOPLE−0.0024%8h0.009214−0.207%$6K$2Kas long as short
Bybit PEOPLEUSDT+0.0049%8h0.0092330.000%$1.7M$2.4M50xas long as short
BloFin PEOPLE-USDT+0.0072%8h0.009241+0.087%$356K$98K50xas long as short
MEXC PEOPLE_USDT+0.0076%8h0.009234+0.011%$687K$300K200xas long as short
OKX PEOPLE-USDT-SWAP+0.0078%8h0.009238+0.055%$3.3M$8.8M20xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009243+0.109%$426K$226K3xas long as short
Aster PEOPLEUSDTlong+0.0100%8h0.009233long leg$10K$80K5x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PEOPLEUSDT+0.0100%8h0.009245+0.127%$5.7M$16.6M50xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009241+0.087%$1.8M$1.3M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009243+0.109%$7.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009241+0.087%$44K$53K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009237+0.049%$1855xas long as short