Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.070%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1381.379% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.070%, 7d avg +0.092%
=Together, before fees+0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.022% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.092%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000LUNCUSDT | 0.00005449 | 0.0124 | pay 0.0124% / 8h | 2h 17m | $1.9M | $798K | 25x |
| Short | Hyperliquid kLUNC | 0.00005453 | 0.0100 | get 0.0013% / 1h | 17m 41s | $283K | $110K | 3x |
Bybit 1000LUNCUSDT
Hyperliquid kLUNCFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.09
- Price spread: +0.070% → +0.092%
- −$2.23
- Slippage, 4 orders
- −$117.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$145.25
- Costs to cover
- 1.379%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 52 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 Bybit live order book, 4 min ago | 0.92 bp | 46.2 bp −$46 | 157.1 bp −$1,571 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 52 min ago | 1.38 bp | 24.1 bp −$24 | 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 | −0.0585% | 8h | 0.00005442 | −0.128% | $17.2M | $1.3M | 200x | as long as short |
| Hyperliquid kLUNCshort | +0.0100% | 1h | 0.00005453 | +0.070% | $283K | $110K | 3x | |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005443 | −0.105% | $47K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005446 | −0.063% | $4.1M | $7.9M | 75x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005450 | +0.018% | $388K | $235K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005442 | −0.128% | $1.1M | $520K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005445 | −0.083% | $2K | — | 10x | as long as short |
| BingX LUNC-USDT | +0.0123% | 8h | 0.00005450 | +0.018% | — | $2.0M | — | as long as short |
| Bybit 1000LUNCUSDTlong | +0.0124% | 8h | 0.00005449 | long leg | $1.9M | $798K | 25x | |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005448 | −0.018% | $383K | $37K | 75x | as long as short |
MEXC LUNC_USDT
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
BingX LUNC-USDT
BloFin 1000LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.0227% | 8h | 0.00005442 | −0.123% | $1.7M | $666K | 50x | as long as short |
KuCoin LUNCUSDTM