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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.055%7-day average −0.022% · 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+0.033%+$3 on $10k
Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.055%, 7d avg −0.022%
Together, before fees−0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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 0.077% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PEOPLEUSDT0.0091470.0100pay 0.0100% / 8h22m 17s$5.6M$15.2M50x
ShortHyperliquid PEOPLE0.0091520.0100get 0.0013% / 1h22m 17s$425K$213K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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: +0.055% → −0.022%
$7.66
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.34
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 3 min ago; Hyperliquid: live order book, 38 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 Binance live order book, 3 min ago0.55 bp13.1 bp −$1338.4 bp −$384doesn't fitdoesn't fit
Sell Hyperliquid live order book, 38 min ago1.64 bp15.3 bp −$15doesn't fitdoesn't fitdoesn't fit

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_PEOPLEUSD−0.1072%1h0.009141−0.060%$35K$45K10xas long as short
KuCoin PEOPLEUSDTM−0.0146%8h0.009115−0.350%$652K$123K50xas long as short
Variational Omni PEOPLE−0.0017%8h0.009139−0.083%$6K$3Kas long as short
MEXC PEOPLE_USDT+0.0067%8h0.009146−0.011%$676K$306K200xas long as short
OKX PEOPLE-USDT-SWAP+0.0072%8h0.009148+0.011%$3.3M$8.5M20xas long as short
BloFin PEOPLE-USDT+0.0086%8h0.009112−0.383%$348K$86K50xas long as short
Hyperliquid PEOPLEshort+0.0100%1h0.009152+0.055%$425K$213K3x
Aster PEOPLEUSDT+0.0100%8h0.009134−0.140%$8K$75K5xas long as short
Binance PEOPLEUSDTlong+0.0100%8h0.009147long leg$5.6M$15.2M50x
Bybit PEOPLEUSDT+0.0100%8h0.009142−0.055%$1.6M$2.2M50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PEOPLE_USDT+0.0100%8h0.009139−0.087%$751K$1.4M50xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009143−0.044%$1.7M$1.1M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009142−0.055%$5.7Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009150+0.033%$43K$52K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009140−0.078%$1825xas long as short