Funding you earn now, next payment 03:00 UTC+0.0278%/8h= +30.5% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid0.000%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1341.343% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now 0.000%, 7d avg −0.093%
=Together, before fees−0.146%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.093% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.093%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kLUNC | 0.00005478 | 0.0100 | pay 0.0013% / 1h | 18m 42s | $287K | $114K | 3x |
| Short | Bybit 1000LUNCUSDT | 0.00005478 | 0.0378 | get 0.0378% / 8h | 5h 18m | $2.0M | $762K | 25x |
Hyperliquid kLUNC
Bybit 1000LUNCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $58.4
- Price spread: 0.000% → −0.093%
- $9.34
- Slippage, 4 orders
- −$114.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$66.59
- Costs to cover
- 1.343%
- Break-even
- 15.0 days
Slippage from Hyperliquid: live order book, 11 min ago; Bybit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 11 min ago | 1.56 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.65 bp | 47.5 bp −$47 | 152.8 bp −$1,528 | doesn't fit | doesn't fit |
LUNC on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kLUNClong | +0.0100% | 1h | 0.00005478 | long leg | $287K | $114K | 3x | |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005469 | −0.161% | $48K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005470 | −0.146% | $4.1M | $7.8M | 75x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005481 | +0.055% | $392K | $244K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005469 | −0.164% | $1.2M | $576K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005469 | −0.173% | $2K | — | 10x | as long as short |
| MEXC LUNC_USDT | +0.0214% | 8h | 0.00005470 | −0.146% | $17.0M | $1.3M | 200x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005473 | −0.091% | $386K | $37K | 75x | as long as short |
| BingX LUNC-USDT | +0.0307% | 8h | 0.00005476 | −0.037% | — | $2.0M | — | as long as short |
| Bybit 1000LUNCUSDTshort | +0.0378% | 8h | 0.00005478 | 0.000% | $2.0M | $762K | 25x |
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
MEXC LUNC_USDT
BloFin 1000LUNC-USDT
BingX LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.0851% | 8h | 0.00005473 | −0.100% | $1.7M | $658K | 50x | as long as short |
KuCoin LUNCUSDTM