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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.021%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$720.718% of the position
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)−0.097%−$10 · spread now +0.021%, 7d avg −0.057%
Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 OKX 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
LongOKX PEOPLE-USDT-SWAP0.0093610.0100pay 0.0100% / 8h7h 05m$3.4M$8.7M20x
ShortHyperliquid PEOPLE0.0093630.0100get 0.0013% / 1h5m 15s$433K$211K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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%
$7.83
Slippage, 4 orders
−$52.82
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$63.98
Costs to cover
0.718%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago3.74 bp19.2 bp −$1951.5 bp −$515doesn't fitdoesn't fit
Sell Hyperliquid live order book, 45 min ago1.09 bp17.7 bp −$18doesn'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−0.1334%1h0.009364+0.028%$36K$45K10xas long as short
Gate PEOPLE_USDT−0.0124%8h0.009370+0.096%$728K$1.5M50xas long as short
Variational Omni PEOPLE−0.0024%8h0.009348−0.141%$6K$3Kas long as short
KuCoin PEOPLEUSDTM+0.0020%8h0.009362+0.011%$711K$132K50xas long as short
BloFin PEOPLE-USDT+0.0094%8h0.009391+0.320%$354K$89K50xas long as short
Hyperliquid PEOPLEshort+0.0100%1h0.009363+0.021%$433K$211K3x
Aster PEOPLEUSDT+0.0100%8h0.009366+0.058%$9K$75K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009369+0.084%$5.7M$15.5M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.009362+0.011%$1.7M$2.2M50xas long as short
OKX PEOPLE-USDT-SWAPlong+0.0100%8h0.009361long leg$3.4M$8.7M20x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PEOPLE_USDT+0.0100%8h0.009363+0.021%$722K$312K200xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009371+0.107%$1.8M$1.2M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009362+0.011%$7.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009357−0.043%$44K$52K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009366+0.058%$1885xas long as short