Funding you earn now, next payment 22:00 UTC+0.0159%/8h= +17.5% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against Binance+0.190%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.190%, 7d avg +0.115%
=Together, before fees+0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.075% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RUNEUSDT | 0.6381 | 0.0100 | pay 0.0100% / 8h | 2h 41m | $4.7M | $9.6M | 75x |
| Short | Hyperliquid RUNE | 0.6393 | 0.0259 | get 0.0032% / 1h | 41m 05s | $1.6M | $858K | 5x |
Binance RUNEUSDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $33.48
- Price spread: +0.190% → +0.115%
- $7.48
- Slippage, 4 orders
- −$65.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$44.02
- Costs to cover
- 0.850%
- Break-even
- 16.2 days
Slippage from Binance: live order book, 14 min ago; Hyperliquid: live order book, 10 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 Binance live order book, 14 min ago | 1.58 bp | 16.0 bp −$16 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.57 bp | 21.2 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
RUNE on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | −0.1002% | 1h | 0.6381 | 0.000% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.542% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0078% | 8h | 0.6384 | +0.047% | $443K | $146K | 75x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6381 | long leg | $4.7M | $9.6M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6381 | 0.000% | $2.7M | $1.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6388 | +0.110% | $658K | $289K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6379 | −0.031% | $2.7M | $1.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6379 | −0.031% | $910K | $191K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6390 | +0.141% | $1.6M | $466K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6378 | −0.047% | — | $59.0M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6361 | −0.313% | $125K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6377 | −0.058% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNEshort | +0.0259% | 1h | 0.6393 | +0.190% | $1.6M | $858K | 5x | |
| Coinbase International RUNE-PERP-INTX | +0.0368% | 1h | 0.6422 | +0.643% | $38K | $16K | 25x | as long as short |
| dYdX RUNE-USD | +0.1883% | 1h | 0.6387 | +0.091% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2401% | 1h | 0.6399 | +0.275% | $177K | $213K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD