Funding arb · Price arb /

PEOPLE

all PEOPLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0353%/8h= +38.7% APRpaid last 24h +0.147%

Price spread now: Variational Omni against Kraken Futures−0.198%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.198% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 45 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PEOPLEUSD	0.009323	−0.0398	get 0.0050% / 1h	13m 28s	$36K	$47K	10x
Short	Variational Omni PEOPLE	0.009304	−0.0044	pay 0.0044% / 8h	3h 13m	$7K	$3K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.198%Rate

Funding earned: $74.18
Price spread: −0.198% → 0.000%: −$19.81
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $44.37
Costs to cover: 0.100%
Break-even: 2.8 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PEOPLEUSDlong	−0.0398%	1h	0.009323	long leg	$36K	$47K	10x
Gate PEOPLE_USDT	−0.0150%	8h	0.009329	+0.066%	$721K	$1.6M	50x	as long as short
Variational Omni PEOPLEshort	−0.0044%	8h	0.009304	−0.198%	$7K	$3K	—
KuCoin PEOPLEUSDTM	0.0000%	8h	0.009330	+0.077%	$666K	$159K	50x	as long as short
Bybit PEOPLEUSDT	+0.0085%	8h	0.009330	+0.077%	$1.7M	$2.6M	50x	as long as short
MEXC PEOPLE_USDT	+0.0087%	8h	0.009332	+0.098%	$703K	$311K	200x	as long as short
OKX PEOPLE-USDT-SWAP	+0.0089%	8h	0.009330	+0.077%	$3.4M	$9.4M	20x	as long as short
Hyperliquid PEOPLE	+0.0100%	1h	0.009340	+0.184%	$485K	$281K	3x	as long as short
Aster PEOPLEUSDT	+0.0100%	8h	0.009335	+0.134%	$4K	$91K	5x	as long as short
Binance PEOPLEUSDT	+0.0100%	8h	0.009335	+0.127%	$5.8M	$17.7M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PEOPLEUSDT	+0.0100%	8h	0.009335	+0.130%	$1.8M	$1.3M	50x	as long as short
BingX PEOPLE-USDT	+0.0100%	8h	0.009327	+0.045%	—	$7.5M	—	as long as short
HTX PEOPLE-USDT	+0.0100%	8h	0.009328	+0.055%	$44K	$50K	50x	as long as short
Extended PEOPLE-USD	+0.0104%	1h	0.009326	+0.035%	$187	—	5x	as long as short
BloFin PEOPLE-USDT	+0.0117%	8h	0.009328	+0.055%	$367K	$104K	50x	as long as short