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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0554%/8h= +60.7% APRnext payment +$0.69 per $10,000 · paid last 24h +0.187%
Price spread now: Hyperliquid against Kraken Futures−0.002%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PEOPLEUSD0.009386−0.0454get 0.0057% / 1h17m 54s$36K$48K10x
ShortHyperliquid PEOPLE0.0093860.0100get 0.0013% / 1h17m 54s$445K$332K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$116.32
Price spread: −0.002% → 0.000%
−$0.16
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$97.16
Costs to cover
0.190%
Break-even
1.2 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 42 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 Hyperliquid live order book, 42 min ago0.53 bpdoesn't fitdoesn't fitdoesn'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−0.0454%1h0.009386long leg$36K$48K10x
Variational Omni PEOPLE−0.0020%8h0.009366−0.211%$6K$5Kas long as short
KuCoin PEOPLEUSDTM+0.0089%8h0.009394+0.084%$682K$163K50xas long as short
Hyperliquid PEOPLEshort+0.0100%1h0.009386−0.002%$445K$332K3x
Aster PEOPLEUSDT+0.0100%8h0.009396+0.110%$11K$96K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009396+0.110%$5.7M$18.5M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.009388+0.020%$1.7M$2.8M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009395+0.094%$3.4M$9.7M20xas long as short
Gate PEOPLE_USDT+0.0100%8h0.009402+0.169%$783K$1.7M50xas long as short
MEXC PEOPLE_USDT+0.0100%8h0.009385−0.012%$723K$323K200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDT+0.0100%8h0.009400+0.148%$1.8M$1.4M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009392+0.062%$9.1Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009397+0.116%$44K$51K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009391+0.057%$1885xas long as short
BloFin PEOPLE-USDT+0.0111%8h0.009393+0.073%$354K$109K50xas long as short