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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget−0.087%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$890.893% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.543%+$54 · spread now −0.087%, 7d avg +0.015%
Together, before fees+0.542%+ Points / potential airdropHyperliquid: Season 2 · farm board+$54 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 0.102% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PEOPLEUSDT0.0092120.0100pay 0.0100% / 8h4h 42m$1.8M$1.3M50x
ShortHyperliquid PEOPLE0.0092040.0100get 0.0013% / 1h42m 33s$425K$226K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: −0.087% → +0.015%
−$10.16
Slippage, 4 orders
−$68.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$99.45
Costs to cover
0.893%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Hyperliquid: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago5.43 bp22.8 bp −$2386.4 bp −$864doesn't fitdoesn't fit
Sell Hyperliquid live order book, 47 min ago1.61 bp18.3 bp −$18doesn'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−0.0890%1h0.009196−0.179%$35K$46K10xas long as short
Gate PEOPLE_USDT−0.0316%8h0.0092120.000%$736K$1.5M50xas long as short
KuCoin PEOPLEUSDTM−0.0043%8h0.009196−0.174%$654K$151K50xas long as short
Variational Omni PEOPLE−0.0041%8h0.009200−0.132%$6K$2Kas long as short
Bybit PEOPLEUSDT+0.0015%8h0.009194−0.195%$1.7M$2.4M50xas long as short
MEXC PEOPLE_USDT+0.0054%8h0.009204−0.087%$684K$299K200xas long as short
OKX PEOPLE-USDT-SWAP+0.0054%8h0.009195−0.185%$3.3M$8.7M20xas long as short
BloFin PEOPLE-USDT+0.0075%8h0.0092120.000%$355K$98K50xas long as short
Hyperliquid PEOPLEshort+0.0100%1h0.009204−0.087%$425K$226K3x
Aster PEOPLEUSDT+0.0100%8h0.009208−0.046%$10K$80K5xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PEOPLEUSDT+0.0100%8h0.009205−0.076%$5.7M$16.6M50xas long as short
Bitget PEOPLEUSDTlong+0.0100%8h0.009212long leg$1.8M$1.3M50x
BingX PEOPLE-USDT+0.0100%8h0.009203−0.098%$7.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009204−0.087%$43K$53K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009208−0.047%$1845xas long as short