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

LUNC

all LUNC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.035%
Price spread now: Hyperliquid against BloFin+0.297%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$770.772% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.189%−$19 on $10k
Price spread, last 3 days (all we have)−0.125%−$13 · spread now +0.297%, 7d avg +0.108%
Together, before fees−0.315%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.189% dearer against BloFin than usual: you sell high and buy low (spread +0.297% now, against its 7-day average of +0.108%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin 1000LUNC-USDT0.000055260.0220pay 0.0220% / 8h1h 55m$388K$37K75x
ShortHyperliquid kLUNC0.000055420.0100get 0.0013% / 1h55m 20s$288K$126K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
−$25.2
Price spread: +0.297% → +0.108%
$18.89
Slippage, 4 orders
−$56.22
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$83.52
Costs to cover
0.772%
Break-even
never at this rate
Slippage from BloFin: live order book, 25 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 BloFin live order book, 25 min ago1.80 bp13.0 bp −$1330.6 bp −$306doesn't fitdoesn't fit
Sell Hyperliquid live order book, 14 min ago2.26 bp23.1 bp −$23doesn'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%1h0.00005542+0.297%$288K$126K3x
Aster 1000LUNCUSDT+0.0100%8h0.00005531+0.088%$48K$15K10xas long as short
Binance 1000LUNCUSDT+0.0100%8h0.00005538+0.217%$4.2M$8.4M75xas long as short
Bybit 1000LUNCUSDT+0.0100%8h0.00005540+0.253%$2.0M$748K25xas long as short
Gate LUNC_USDT+0.0100%8h0.00005538+0.217%$395K$277K75xas long as short
MEXC LUNC_USDT+0.0100%8h0.00005536+0.181%$17.0M$1.5M200xas long as short
Bitget LUNCUSDT+0.0100%8h0.00005530+0.072%$1.1M$623K25xas long as short
BingX LUNC-USDT+0.0100%8h0.00005540+0.253%$2.1Mas long as short
Extended kLUNC-USD+0.0104%1h0.00005537+0.200%$2K10xas long as short
BloFin 1000LUNC-USDTlong+0.0220%8h0.00005526long leg$388K$37K75x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin LUNCUSDTM+0.1398%8h0.00005540+0.252%$1.8M$817K50xas long as short