Funding you earn now, next payment 23:00 UTC+0.0552%/8h= +60.4% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against BingX+0.351%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 7 days−0.275%−$28 · spread now +0.351%, 7d avg +0.104%
=Together, before fees−0.232%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.247% dearer against BingX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.104%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% 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 | BingX RUNE-USDT | 0.6418 | 0.0100 | pay 0.0100% / 8h | 1h 56m | — | $59.1M | — |
| Short | Hyperliquid RUNE | 0.6441 | 0.0652 | get 0.0081% / 1h | 56m 46s | $1.7M | $862K | 5x |
BingX RUNE-USDT
Hyperliquid RUNEFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $115.86
- Price spread: +0.351% → +0.104%
- $24.66
- Slippage, 4 orders
- −$65.77
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $55.74
- Costs to cover
- 0.848%
- Break-even
- 3.6 days
Slippage from BingX: live order book, 12 min ago; Hyperliquid: live order book, 4 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 BingX live order book, 12 min ago | 6.31 bp | 20.3 bp −$20 | 51.7 bp −$517 | 347.5 bp −$34.8K | 510.5 bp −$255.3K |
| Sell Hyperliquid live order book, 4 min ago | 2.04 bp | 21.5 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 | −0.1463% | 1h | 0.6410 | −0.125% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.098% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0098% | 8h | 0.6408 | −0.156% | $452K | $155K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6425 | +0.109% | $4.7M | $10.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6428 | +0.156% | $2.8M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6416 | −0.031% | $660K | $294K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6427 | +0.140% | $3.4M | $1.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6422 | +0.062% | $904K | $195K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6427 | +0.140% | $1.6M | $479K | 50x | as long as short |
| BingX RUNE-USDTlong | +0.0100% | 8h | 0.6418 | long leg | — | $59.1M | — |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6357 | −0.954% | $125K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6418 | 0.000% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6396 | −0.343% | $38K | $16K | 25x | as long as short |
| Hyperliquid RUNEshort | +0.0652% | 1h | 0.6441 | +0.351% | $1.7M | $862K | 5x | |
| Kraken Futures PF_RUNEUSD | +0.2133% | 1h | 0.6424 | +0.090% | $178K | $214K | 20x | as long as short |
| dYdX RUNE-USD | +0.2374% | 1h | 0.6417 | −0.017% | $55K | $4K | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD