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

LUNC

all LUNC markets
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: Bitget against Hyperliquid−0.261%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as 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 −0.261%, 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: Bitget is 0.113% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.148%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kLUNC0.000054700.0100pay 0.0013% / 1h5m 29s$285K$114K3x
ShortBitget LUNCUSDT0.000054560.0100get 0.0100% / 8h4h 05m$1.2M$538K25x

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: −0.261% → −0.148%
−$11.34
Slippage, 4 orders
−$87.61
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$119.95
Costs to cover
1.086%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 14 min ago; Bitget: live order book, 1 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, 14 min ago3.01 bp27.1 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago1.83 bp21.7 bp −$2256.7 bp −$567doesn'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 kLUNClong+0.0100%1h0.00005470long leg$285K$114K3x
Aster 1000LUNCUSDT+0.0100%8h0.00005460−0.183%$47K$15K10xas long as short
Binance 1000LUNCUSDT+0.0100%8h0.00005460−0.184%$4.1M$7.9M75xas long as short
Gate LUNC_USDT+0.0100%8h0.00005471+0.013%$392K$239K75xas long as short
MEXC LUNC_USDT+0.0100%8h0.00005459−0.207%$17.2M$1.3M200xas long as short
Bitget LUNCUSDTshort+0.0100%8h0.00005456−0.261%$1.2M$538K25x
Extended kLUNC-USD+0.0104%1h0.00005460−0.197%$2K10xas long as short
BloFin 1000LUNC-USDT+0.0220%8h0.00005462−0.152%$385K$37K75xas long as short
BingX LUNC-USDT+0.0249%8h0.00005465−0.097%$2.0Mas long as short
Bybit 1000LUNCUSDT+0.0253%8h0.00005465−0.097%$1.9M$770K25xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin LUNCUSDTM+0.0507%8h0.00005462−0.146%$1.7M$657K50xas long as short