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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.021%7-day average −0.057% · you sell dearer than you buy
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 7 days+0.066%+$7 on $10k
Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.021%, 7d avg −0.057%
Together, before fees+0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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 0.078% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PEOPLE_USDT0.0093520.0100pay 0.0100% / 8h1h 25m$724K$323K200x
ShortHyperliquid PEOPLE0.0093540.0100get 0.0013% / 1h25m 11s$443K$331K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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: +0.021% → −0.057%
$7.82
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.18
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 10 min ago; Hyperliquid: live order book, 35 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 MEXC live order book, 10 min ago0.54 bp12.8 bp −$1367.8 bp −$678261.4 bp −$26.1K510.9 bp −$255.4K
Sell Hyperliquid live order book, 35 min ago0.53 bpdoesn't fitdoesn'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−0.0456%1h0.009349−0.031%$36K$48K10xas long as short
Variational Omni PEOPLE−0.0015%8h0.009341−0.119%$6K$5Kas long as short
KuCoin PEOPLEUSDTM+0.0076%8h0.009333−0.203%$677K$163K50xas long as short
Hyperliquid PEOPLEshort+0.0100%1h0.009354+0.021%$443K$331K3x
Aster PEOPLEUSDT+0.0100%8h0.009349−0.035%$11K$96K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009355+0.035%$5.7M$18.5M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.009348−0.043%$1.7M$2.8M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0100%8h0.009353+0.011%$3.4M$9.7M20xas long as short
Gate PEOPLE_USDT+0.0100%8h0.009351−0.011%$777K$1.7M50xas long as short
MEXC PEOPLE_USDTlong+0.0100%8h0.009352long leg$724K$323K200x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDT+0.0100%8h0.009357+0.053%$1.8M$1.4M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009348−0.043%$9.1Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009331−0.225%$44K$51K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009350−0.025%$1875xas long as short
BloFin PEOPLE-USDT+0.0114%8h0.009343−0.096%$356K$109K50xas long as short