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

LUNC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.023%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1231.234% 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)+0.111%+$11 · spread now +0.023%, 7d avg +0.094%
Together, before fees+0.111%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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 0.071% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000LUNCUSDT0.000055570.0100pay 0.0100% / 8h7h 08m$2.0M$720K25x
ShortHyperliquid kLUNC0.000055580.0100get 0.0013% / 1h8m 54s$290K$108K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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: +0.023% → +0.094%
−$7.07
Slippage, 4 orders
−$103.39
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$130.46
Costs to cover
1.234%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 41 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 Bybit live order book, 3 min ago2.70 bp33.4 bp −$33153.4 bp −$1,534doesn't fitdoesn't fit
Sell Hyperliquid live order book, 41 min ago1.00 bp20.5 bp −$20doesn'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
MEXC LUNC_USDT−0.0360%8h0.00005546−0.198%$17.1M$1.3M200xas long as short
Hyperliquid kLUNCshort+0.0100%1h0.00005558+0.023%$290K$108K3x
Aster 1000LUNCUSDT+0.0100%8h0.00005549−0.148%$48K$16K10xas long as short
Binance 1000LUNCUSDT+0.0100%8h0.00005549−0.144%$4.2M$7.7M75xas long as short
Bybit 1000LUNCUSDTlong+0.0100%8h0.00005557long leg$2.0M$720K25x
Gate LUNC_USDT+0.0100%8h0.00005556−0.018%$395K$256K75xas long as short
Bitget LUNCUSDT+0.0100%8h0.00005545−0.216%$1.2M$561K25xas long as short
BingX LUNC-USDT+0.0100%8h0.00005554−0.054%$2.0Mas long as short
Extended kLUNC-USD+0.0104%1h0.00005549−0.148%$2K10xas long as short
BloFin 1000LUNC-USDT+0.0220%8h0.00005551−0.108%$396K$37K75xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin LUNCUSDTM+0.1387%8h0.00005558+0.009%$1.8M$622K50xas long as short