Funding you earn now, next payment 03:00 UTC+0.0710%/8h= +77.7% APRpaid last 24h +0.192%
Price spread now: KuCoin against Hyperliquid−0.168%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1241.241% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.168%, 7d avg −0.077%
=Together, before fees+0.356%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.091% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.077%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.197% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.197% in total (about 10.3% 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 | Hyperliquid kLUNC | 0.00005480 | 0.0100 | pay 0.0013% / 1h | 11m 27s | $287K | $114K | 3x |
| Short | KuCoin LUNCUSDTM | 0.00005471 | 0.0810 | get 0.0810% / 8h | 5h 11m | $1.7M | $658K | 50x |
Hyperliquid kLUNC
KuCoin LUNCUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Hyperliquid. 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
- $149.1
- Price spread: −0.168% → −0.077%
- −$9.14
- Slippage, 4 orders
- −$103.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $15.88
- Costs to cover
- 1.241%
- Break-even
- 6.3 days
Slippage from Hyperliquid: live order book, 18 min ago; KuCoin: live order book, 5 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 Hyperliquid live order book, 18 min ago | 1.56 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 12.79 bp | 45.5 bp −$46 | 136.8 bp −$1,368 | 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 | −0.0105% | 8h | 0.00005472 | −0.150% | $17.2M | $1.3M | 200x | as long as short |
| Hyperliquid kLUNClong | +0.0100% | 1h | 0.00005480 | long leg | $287K | $114K | 3x | |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005469 | −0.207% | $48K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005476 | −0.081% | $4.1M | $7.8M | 75x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005477 | −0.058% | $392K | $244K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005471 | −0.168% | $1.2M | $576K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005470 | −0.195% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005476 | −0.077% | $390K | $37K | 75x | as long as short |
| BingX LUNC-USDT | +0.0370% | 8h | 0.00005476 | −0.077% | — | $2.0M | — | as long as short |
| Bybit 1000LUNCUSDT | +0.0388% | 8h | 0.00005481 | +0.015% | $2.0M | $766K | 25x | as long as short |
MEXC LUNC_USDT
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
BloFin 1000LUNC-USDT
BingX LUNC-USDT
Bybit 1000LUNCUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTMshort | +0.0810% | 8h | 0.00005471 | −0.168% | $1.7M | $658K | 50x |