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

LUNC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.262%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1091.086% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.262%, 7d avg +0.148%
Together, before fees−0.101%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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 0.114% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.148%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LUNCUSDT0.000054560.0100pay 0.0100% / 8h4h 05m$1.2M$538K25x
ShortHyperliquid kLUNC0.000054700.0100get 0.0013% / 1h5m 30s$285K$114K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.262% → +0.148%
$11.41
Slippage, 4 orders
−$87.61
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$97.21
Costs to cover
1.086%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 14 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 Bitget live order book, 1 min ago1.83 bp33.6 bp −$3465.7 bp −$657doesn't fitdoesn't fit
Sell Hyperliquid live order book, 14 min ago3.01 bp26.3 bp −$26doesn't fitdoesn't fitdoesn't fit

LUNC on 11 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
Hyperliquid kLUNCshort+0.0100%1h0.00005470+0.262%$285K$114K3x
Aster 1000LUNCUSDT+0.0100%8h0.00005460+0.079%$47K$15K10xas long as short
Binance 1000LUNCUSDT+0.0100%8h0.00005460+0.077%$4.1M$7.9M75xas long as short
Gate LUNC_USDT+0.0100%8h0.00005471+0.275%$392K$239K75xas long as short
MEXC LUNC_USDT+0.0100%8h0.00005459+0.055%$17.2M$1.3M200xas long as short
Bitget LUNCUSDTlong+0.0100%8h0.00005456long leg$1.2M$538K25x
Extended kLUNC-USD+0.0104%1h0.00005460+0.064%$2K10xas long as short
BloFin 1000LUNC-USDT+0.0220%8h0.00005462+0.110%$385K$37K75xas long as short
BingX LUNC-USDT+0.0249%8h0.00005465+0.165%$2.0Mas long as short
Bybit 1000LUNCUSDT+0.0253%8h0.00005465+0.165%$1.9M$770K25xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin LUNCUSDTM+0.0507%8h0.00005462+0.115%$1.7M$657K50xas long as short