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+0.0973%/8h= +106.6% APRpaid last 24h +0.160%
Price spread now: BloFin against Kraken Futures−0.207%57s7-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 feesneeds both histories
Funding pays, the price is against you. BloFin is 0.207% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 17 hours of funding at the current rate (+$29 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PEOPLEUSD0.009352−0.0875get 0.0109% / 1h9m 47s$35K$46K10x
ShortBloFin PEOPLE-USDT0.0093330.0098get 0.0098% / 8h4h 09m$357K$100K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. 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
$204.39
Price spread: −0.207% → 0.000%
−$20.68
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$161.71
Costs to cover
0.220%
Break-even
1.5 days
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 12 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 Kraken Futures no order-book sample
Sell BloFin live order book, 12 min ago2.68 bp16.8 bp −$1732.0 bp −$320doesn't fitdoesn't fit
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_PEOPLEUSDlong−0.0875%1h0.009352long leg$35K$46K10x
Gate PEOPLE_USDT−0.0129%8h0.009345−0.078%$744K$1.5M50xas long as short
Variational Omni PEOPLE−0.0017%8h0.009318−0.370%$6K$2Kas long as short
KuCoin PEOPLEUSDTM−0.0016%8h0.009343−0.100%$665K$151K50xas long as short
MEXC PEOPLE_USDT+0.0080%8h0.009337−0.164%$694K$302K200xas long as short
OKX PEOPLE-USDT-SWAP+0.0080%8h0.009341−0.121%$3.3M$8.9M20xas long as short
BloFin PEOPLE-USDTshort+0.0098%8h0.009333−0.207%$357K$100K50x
Bybit PEOPLEUSDT+0.0099%8h0.009337−0.164%$1.7M$2.4M50xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009350−0.025%$470K$256K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009343−0.097%$5K$85K5xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PEOPLEUSDT+0.0100%8h0.009343−0.097%$5.7M$16.7M50xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009344−0.089%$1.8M$1.3M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009345−0.078%$7.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009350−0.025%$44K$53K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009341−0.126%$1875xas long as short