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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.161%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1041.037% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.718%−$72 · spread now +0.161%, 7d avg −0.015%
Together, before fees−0.716%+ Points / potential airdropHyperliquid: Season 2 · farm board−$72 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: Bitget is 0.176% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PEOPLE0.0093020.0100pay 0.0013% / 1h50m 00s$437K$342K3x
ShortBitget PEOPLEUSDT0.0093170.0100get 0.0100% / 8h7h 50m$1.8M$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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: +0.161% → −0.015%
$17.61
Slippage, 4 orders
−$82.67
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$86.06
Costs to cover
1.037%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 60 min ago; Bitget: live order book, 2 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 Hyperliquid live order book, 60 min ago1.60 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago5.90 bp45.7 bp −$4694.6 bp −$946doesn'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−0.1135%1h0.009295−0.080%$36K$48K10xas long as short
Variational Omni PEOPLE−0.0035%8h0.009328+0.279%$6K$5Kas long as short
MEXC PEOPLE_USDT+0.0057%8h0.009318+0.172%$705K$321K200xas long as short
OKX PEOPLE-USDT-SWAP+0.0060%8h0.0093020.000%$3.4M$9.5M20xas long as short
Hyperliquid PEOPLElong+0.0100%1h0.009302long leg$437K$342K3x
Aster PEOPLEUSDT+0.0100%8h0.009313+0.122%$11K$95K5xas long as short
Binance PEOPLEUSDT+0.0100%8h0.009305+0.032%$5.7M$18.6M50xas long as short
Bybit PEOPLEUSDT+0.0100%8h0.0093020.000%$1.7M$2.8M50xas long as short
Gate PEOPLE_USDT+0.0100%8h0.009317+0.161%$786K$1.6M50xas long as short
KuCoin PEOPLEUSDTM+0.0100%8h0.009308+0.065%$671K$165K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PEOPLEUSDTshort+0.0100%8h0.009317+0.161%$1.8M$1.4M50x
BingX PEOPLE-USDT+0.0100%8h0.009315+0.140%$10.7Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009310+0.086%$44K$51K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009307+0.059%$1875xas long as short
BloFin PEOPLE-USDT+0.0105%8h0.009331+0.312%$354K$112K50xas long as short