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

LUNC

all LUNC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.087%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$770.772% 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)+0.033%+$3 · spread now +0.087%, 7d avg +0.082%
Together, before fees+0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LUNC-USDT0.000054280.0138pay 0.0138% / 8h2h 22m$2.0M
ShortHyperliquid kLUNC0.000054330.0100get 0.0013% / 1h22m 20s$282K$109K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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
−$8.02
Price spread: +0.087% → +0.082%
$0.5
Slippage, 4 orders
−$58.18
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$84.71
Costs to cover
0.772%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Hyperliquid: live order book, 47 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 BingX live order book, 10 min ago4.61 bp18.3 bp −$1845.4 bp −$454403.8 bp −$40.4K868.1 bp −$434.1K
Sell Hyperliquid live order book, 47 min ago1.38 bp24.1 bp −$24doesn'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
Hyperliquid kLUNCshort+0.0100%1h0.00005433+0.087%$282K$109K3x
Aster 1000LUNCUSDT+0.0100%8h0.00005425−0.049%$47K$15K10xas long as short
Binance 1000LUNCUSDT+0.0100%8h0.00005426−0.030%$4.0M$7.9M75xas long as short
Gate LUNC_USDT+0.0100%8h0.000054280.000%$387K$234K75xas long as short
MEXC LUNC_USDT+0.0100%8h0.00005425−0.055%$17.1M$1.3M200xas long as short
Bitget LUNCUSDT+0.0100%8h0.00005424−0.074%$1.1M$518K25xas long as short
Extended kLUNC-USD+0.0104%1h0.00005422−0.118%$2K10xas long as short
Bybit 1000LUNCUSDT+0.0120%8h0.000054280.000%$1.9M$797K25xas long as short
BingX LUNC-USDTlong+0.0138%8h0.00005428long leg$2.0M
BloFin 1000LUNC-USDT+0.0220%8h0.00005423−0.092%$382K$37K75xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin LUNCUSDTM+0.0235%8h0.00005424−0.072%$1.7M$667K50xas long as short