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

PEOPLE

all PEOPLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0355%/8h= +38.9% APRpaid last 24h +0.147%
Price spread now: Variational Omni against Kraken Futures+0.031%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Variational Omni is 0.031% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PEOPLEUSD0.009315−0.0398get 0.0050% / 1h6m 16s$36K$47K10x
ShortVariational Omni PEOPLE0.009318−0.0043pay 0.0043% / 8h3h 06m$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

Funding earned
$74.62
Price spread: +0.031% → 0.000%
$3.08
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
$67.7
Costs to cover
0.100%
Break-even
0.6 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
LegHalf-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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_PEOPLEUSDlong−0.0398%1h0.009315long leg$36K$47K10x
Gate PEOPLE_USDT−0.0168%8h0.009307−0.090%$715K$1.6M50xas long as short
Variational Omni PEOPLEshort−0.0043%8h0.009318+0.031%$7K$3K
KuCoin PEOPLEUSDTM+0.0009%8h0.009312−0.037%$665K$159K50xas long as short
BloFin PEOPLE-USDT+0.0075%8h0.009306−0.101%$361K$104K50xas long as short
MEXC PEOPLE_USDT+0.0085%8h0.009306−0.101%$698K$314K200xas long as short
Bybit PEOPLEUSDT+0.0086%8h0.009303−0.133%$1.7M$2.7M50xas long as short
OKX PEOPLE-USDT-SWAP+0.0088%8h0.009314−0.015%$3.4M$9.4M20xas long as short
Hyperliquid PEOPLE+0.0100%1h0.009326+0.114%$486K$283K3xas long as short
Aster PEOPLEUSDT+0.0100%8h0.009292−0.247%$9K$92K5xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PEOPLEUSDT+0.0100%8h0.009320+0.054%$5.8M$17.8M50xas long as short
Bitget PEOPLEUSDT+0.0100%8h0.009323+0.082%$1.8M$1.3M50xas long as short
BingX PEOPLE-USDT+0.0100%8h0.009313−0.026%$7.5Mas long as short
HTX PEOPLE-USDT+0.0100%8h0.009320+0.049%$44K$50K50xas long as short
Extended PEOPLE-USD+0.0104%1h0.009313−0.022%$1865xas long as short