Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.020%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$790.787% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.020%, 7d avg −0.022%
=Together, before fees+0.015%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.042% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PEOPLEUSDT | 0.009255 | 0.0100 | pay 0.0100% / 8h | 5h 59m | $5.7M | $16.2M | 50x |
| Short | Hyperliquid PEOPLE | 0.009257 | 0.0100 | get 0.0013% / 1h | 59m 51s | $429K | $223K | 3x |
Binance PEOPLEUSDT
Hyperliquid PEOPLEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.020% → −0.022%
- $4.16
- Slippage, 4 orders
- −$59.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$74.49
- Costs to cover
- 0.787%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Hyperliquid: live order book, 40 min ago.
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 Binance live order book, 11 min ago | 0.54 bp | 20.0 bp −$20 | 62.1 bp −$621 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 40 min ago | 3.26 bp | 24.2 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
PEOPLE on 14 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_PEOPLEUSD | −0.1286% | 1h | 0.009234 | −0.228% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0461% | 8h | 0.009244 | −0.121% | $704K | $1.5M | 50x | as long as short |
| Variational Omni PEOPLE | −0.0022% | 8h | 0.009233 | −0.241% | $6K | $2K | — | as long as short |
| KuCoin PEOPLEUSDTM | +0.0022% | 8h | 0.009242 | −0.142% | $675K | $146K | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0099% | 8h | 0.009247 | −0.088% | $1.7M | $2.3M | 50x | as long as short |
| Hyperliquid PEOPLEshort | +0.0100% | 1h | 0.009257 | +0.020% | $429K | $223K | 3x | |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009251 | −0.046% | $7K | $73K | 5x | as long as short |
| Binance PEOPLEUSDTlong | +0.0100% | 8h | 0.009255 | long leg | $5.7M | $16.2M | 50x | |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009253 | −0.024% | $3.3M | $8.7M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009243 | −0.132% | $681K | $299K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
Variational Omni PEOPLE
KuCoin PEOPLEUSDTM
Bybit PEOPLEUSDT
Aster PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009245 | −0.110% | $1.8M | $1.3M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009245 | −0.110% | — | $7.5M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009249 | −0.067% | $44K | $53K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009245 | −0.115% | $185 | — | 5x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD