Funding you earn now, next payment 00:00 UTC−0.1498%/8h= −164.0% APRpaid last 24h −0.033%
Price spread now: Hyperliquid against KuCoin+0.177%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as 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)−0.162%−$16 · spread now +0.177%, 7d avg +0.074%
=Together, before fees−0.213%+ Points / potential airdropHyperliquid: Season 2 · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.104% dearer against KuCoin than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.074%): +$10 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.051% in total) that is about 14 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 | KuCoin LUNCUSDTM | 0.00005525 | 0.1598 | pay 0.1598% / 8h | 8m 05s | $1.8M | $728K | 50x |
| Short | Hyperliquid kLUNC | 0.00005535 | 0.0100 | get 0.0013% / 1h | 8m 05s | $288K | $123K | 3x |
KuCoin LUNCUSDTM
Hyperliquid kLUNCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- −$314.58
- Price spread: +0.177% → +0.074%
- $10.38
- Slippage, 4 orders
- −$90.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$415.86
- Costs to cover
- 1.117%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Hyperliquid: live order book, 51 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 KuCoin live order book, 3 min ago | 11.77 bp | 24.7 bp −$25 | 102.6 bp −$1,026 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 51 min ago | 1.35 bp | 22.2 bp −$22 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kLUNCshort | +0.0100% | 1h | 0.00005535 | +0.177% | $288K | $123K | 3x | |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005520 | −0.088% | $48K | $16K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005526 | +0.023% | $4.2M | $8.1M | 75x | as long as short |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005526 | +0.014% | $2.0M | $746K | 25x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005526 | +0.014% | $394K | $263K | 75x | as long as short |
| MEXC LUNC_USDT | +0.0100% | 8h | 0.00005523 | −0.040% | $16.9M | $1.4M | 200x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005516 | −0.167% | $1.2M | $585K | 25x | as long as short |
| BingX LUNC-USDT | +0.0100% | 8h | 0.00005526 | +0.014% | — | $2.0M | — | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005523 | −0.041% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005521 | −0.076% | $392K | $37K | 75x | as long as short |
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Bybit 1000LUNCUSDT
Gate LUNC_USDT
MEXC 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 LUNCUSDTMlong | +0.1598% | 8h | 0.00005525 | long leg | $1.8M | $728K | 50x |