data as of
Settings8H · net · $10k
Funding arb /

PEOPLE

all PEOPLE markets
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Funding spread now, next payment 19:00 UTC−0.1124%/8h
paid, last 24h−0.025%paid, last 4 days−0.127%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 4 days it paid -0.127% in total (about -12.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PEOPLEUSDT0.0092050.0100pay 0.0100% / 8h5h 07m$1.6M$2.1M50x
ShortKraken Futures PF_PEOPLEUSD0.009188−0.1024pay 0.0128% / 1h7m 38s$36K$45K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$236.11
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$257.11
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.182%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago2.18 bp22.6 bp −$2363.3 bp −$633doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSDshort−0.1024%1h$36K$45K10x
Variational Omni PEOPLE+0.0047%8h$6K$4Kas long as short
Hyperliquid PEOPLE+0.0100%1h$434K$217K3xas long as short
Aster PEOPLEUSDT+0.0100%8h$9K$71K5xas long as short
Binance PEOPLEUSDT+0.0100%8h$5.4M$14.6M50xas long as short
Bybit PEOPLEUSDTlong+0.0100%8h$1.6M$2.1M50x
OKX PEOPLE-USDT-SWAP+0.0100%8h$3.2M$8.2M20xas long as short
Gate PEOPLE_USDT+0.0100%8h$771K$1.5M50xas long as short
MEXC PEOPLE_USDT+0.0100%8h$671K$305K200xas long as short
KuCoin PEOPLEUSDTM+0.0100%8h$656K$127K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget PEOPLEUSDT+0.0100%8h$1.6M$1.1M50xas long as short
BingX PEOPLE-USDT+0.0100%8h$5.4Mas long as short
HTX PEOPLE-USDT+0.0100%8h$44K$55K50xas long as short
Extended PEOPLE-USD+0.0104%1h$1835xas long as short
BloFin PEOPLE-USDT+0.0111%8h$352K$80K50xas long as short