Funding you earn now, next payment 00:00 UTC−0.1522%/8h= −166.7% APRpaid last 24h −0.033%
Price spread now: Hyperliquid against KuCoin+0.114%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.114%, 7d avg +0.074%
=Together, before fees−0.150%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.040% dearer against KuCoin than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.074%): +$4 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.051% in total) that is about 5.6 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 | KuCoin LUNCUSDTM | 0.00005526 | 0.1622 | pay 0.1622% / 8h | 20m 53s | $1.8M | $789K | 50x |
| Short | Hyperliquid kLUNC | 0.00005532 | 0.0100 | get 0.0013% / 1h | 20m 53s | $288K | $122K | 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
- −$319.62
- Price spread: +0.114% → +0.074%
- $4.05
- Slippage, 4 orders
- −$88.21
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$424.79
- Costs to cover
- 1.092%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 39 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, 5 min ago | 9.03 bp | 21.0 bp −$21 | 100.4 bp −$1,004 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 39 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.0745% | 8h | 0.00005524 | −0.033% | $16.9M | $1.4M | 200x | as long as short |
| Hyperliquid kLUNCshort | +0.0100% | 1h | 0.00005532 | +0.114% | $288K | $122K | 3x | |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005523 | −0.051% | $48K | $16K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005525 | −0.022% | $4.2M | $8.2M | 75x | as long as short |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005524 | −0.033% | $2.0M | $746K | 25x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005527 | +0.022% | $394K | $263K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005519 | −0.123% | $1.2M | $587K | 25x | as long as short |
| BingX LUNC-USDT | +0.0100% | 8h | 0.00005526 | +0.004% | — | $2.0M | — | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005524 | −0.034% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005524 | −0.033% | $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 LUNCUSDTMlong | +0.1622% | 8h | 0.00005526 | long leg | $1.8M | $789K | 50x |