Funding you earn now, next payment 00:00 UTC+0.1490%/8h= +163.2% APRpaid last 24h +0.033%
Price spread now: KuCoin against Hyperliquid−0.099%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1121.117% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.099%, 7d avg −0.074%
=Together, before fees+0.135%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.026% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.074%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.051% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% 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 | 0.00005529 | 0.0100 | pay 0.0013% / 1h | 7m 37s | $287K | $123K | 3x |
| Short | KuCoin LUNCUSDTM | 0.00005524 | 0.1590 | get 0.1590% / 8h | 7m 37s | $1.8M | $728K | 50x |
Hyperliquid kLUNC
KuCoin LUNCUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $312.9
- Price spread: −0.099% → −0.074%
- −$2.59
- Slippage, 4 orders
- −$90.67
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $198.64
- Costs to cover
- 1.117%
- Break-even
- 2.6 days
Slippage from Hyperliquid: live order book, 52 min ago; KuCoin: live order book, 4 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, 52 min ago | 1.35 bp | 26.7 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 11.77 bp | 38.2 bp −$38 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.1028% | 8h | 0.00005518 | −0.208% | $16.9M | $1.4M | 200x | as long as short |
| Hyperliquid kLUNClong | +0.0100% | 1h | 0.00005529 | long leg | $287K | $123K | 3x | |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005518 | −0.202% | $48K | $16K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005517 | −0.226% | $4.2M | $8.1M | 75x | as long as short |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005527 | −0.045% | $2.0M | $746K | 25x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005525 | −0.081% | $394K | $263K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005515 | −0.262% | $1.2M | $585K | 25x | as long as short |
| BingX LUNC-USDT | +0.0100% | 8h | 0.00005523 | −0.118% | — | $2.0M | — | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005520 | −0.174% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005521 | −0.154% | $392K | $37K | 75x | as long as short |
MEXC LUNC_USDT
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Bybit 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
BingX LUNC-USDT
Extended kLUNC-USD
BloFin 1000LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTMshort | +0.1590% | 8h | 0.00005524 | −0.099% | $1.8M | $728K | 50x |