When comparing 360Fly vs Luna, the Slant community recommends Luna for most people. In the question“What are the best 360-degree cameras?” Luna is ranked 19th while 360Fly is ranked 20th. The most important reason people chose Luna is:
The Luna 360 is waterproof up to 1 meter. It is also completely dust-proof as it is IP67/68 protected.
Specs
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Pros
Pro No stitching artifacts
Unlike most other 360-degree cameras, 360Fly only uses a single lens, meaning that there's no need for stitching the video.
Pro Suitable for recording sports or other outdoor activities
360Fly is dust-resistant (IP6X certified), water-resistant up to 50 meters, and shock-resistant up to 1.5M. This makes it a great device for recording extreme sports or general outdoor recording.
Pro Excellent overall design
The camera has an appealing design: rounded in shape with divots much like a golf ball. There is a solid construction to the whole of the body and the free app is easy to navigate and use. Overall the design of every component of the device is well thought out, making for a pleasant experience for the user.
Pro Companion apps allow previewing, editing, and playing back recorded videos
The 360Fly allows the user to use their app on Android, iOS, Windows or OSX. The user can then connect to the camera and get a real-time live preview, edit, and playback recorded videos. The smartphone apps connect to the camera over Wi-Fi or Bluetooth and the desktop apps can be connected via USB.
Pro Comes with a GoPro adapter mount
Thanks to the adapter, the user can easily use any GoPro mounts.
Pro Built-in image stabilization
When the user is shooting, the camera's built-in stabilization reduces any vibration that could inhibit the quality of the shot.
Pro Great battery life
The user can record more than two hours of footage on a single charge.
Pro Can shoot underwater
360Fly is water-resistant up to 50 meters. An example of underwater footage can be found here.
Pro Can quickly upload videos to social media
From within the provided 360Fly app, users can edit and upload videos to their social media accounts (such as Facebook or Twitter).
Pro Water-resistant and dust-proof
The Luna 360 is waterproof up to 1 meter. It is also completely dust-proof as it is IP67/68 protected.
Pro Videos and photos capture lots of detail
Luna has two 4K sensors, each with 190° lenses. When their images are combined, it allows for the device to take 2k photos and 1080p videos.
Pro Vibration reduction for steady shots
The gyro stabilization that is built into the camera allows for users to get steady shots, regardless of any vibration sent through the phone.
Pro Auto-stitching from two 190° lenses.
There is no need for computing power to make 360° images or videos as the internal software stitches the two images together to reproduce a 360° video or image.
Pro Small and portable
Luna is 6 cm in diameter, making it a small device that can easily be stored or pocketed. This implies that the user can carry the device around with them hassle-free.
Pro Supports streaming over 802.11n WiFi
Users can stream the video they are recording over WiFi. This enables one to easily view recordings live.
Pro Supports Flat, Sphere, VR, and Planet viewing modes
Through the use of the free app, users can change their camera viewing modes. This makes for a more versatile experience, depending on what the user wishes to record and how they want to achieve it.
Pro Magnet connector is extremely useful
The magnet connector allows users to stick their camera to a wide variety of metal surfaces, which is not only convenient but allows for a very versatile mounting experience.
Cons
Con Blind spot at the bottom
Due to where the lens is placed, the camera can only capture 240 degrees vertically, with a blind spot at the bottom.
Con Doesn't work well in low light
Video quality decreases significantly in low light settings. You can watch an example here.
Con Not yet released
It appears that the item is still a pre-order and that shipments will not go out until October 2016. This is worrisome as other cameras in the past have failed to deliver, which means it may be best to wait until an official release.