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

LUNC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Hyperliquid against Gate+0.100%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1141.140% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.100%, 7d avg +0.020%
Together, before fees+0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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 0.080% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate LUNC_USDT0.000055270.0100pay 0.0100% / 8h1h 57m$395K$277K75x
ShortHyperliquid kLUNC0.000055320.0100get 0.0013% / 1h57m 47s$287K$125K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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: +0.100% → +0.020%
$7.98
Slippage, 4 orders
−$89.99
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$106.01
Costs to cover
1.140%
Break-even
never at this rate
Slippage from Gate: live order book, 23 min ago; Hyperliquid: live order book, 12 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 Gate live order book, 23 min ago1.80 bp36.0 bp −$36195.6 bp −$1,956doesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 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%1h0.00005532+0.100%$287K$125K3x
Aster 1000LUNCUSDT+0.0100%8h0.00005521−0.101%$48K$16K10xas long as short
Binance 1000LUNCUSDT+0.0100%8h0.00005528+0.018%$4.1M$8.4M75xas long as short
Bybit 1000LUNCUSDT+0.0100%8h0.000055270.000%$2.0M$747K25xas long as short
Gate LUNC_USDTlong+0.0100%8h0.00005527long leg$395K$277K75x
MEXC LUNC_USDT+0.0100%8h0.00005524−0.054%$17.0M$1.5M200xas long as short
Bitget LUNCUSDT+0.0100%8h0.00005520−0.127%$1.1M$623K25xas long as short
BingX LUNC-USDT+0.0100%8h0.00005526−0.018%$2.1Mas long as short
Extended kLUNC-USD+0.0104%1h0.00005524−0.053%$2K10xas long as short
BloFin 1000LUNC-USDT+0.0220%8h0.00005515−0.217%$389K$37K75xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin LUNCUSDTM+0.1383%8h0.00005528+0.009%$1.8M$817K50xas long as short