Funding you earn now, next payment 22:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.038%
Price spread now: Hyperliquid against BloFin+0.450%107s7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 3 days (all we have)+0.173%+$17 · spread now +0.450%, 7d avg +0.129%
=Together, before fees+0.288%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.322% dearer against BloFin than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.129%. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% 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 | BloFin RUNE-USDT | 0.6350 | 0.0126 | pay 0.0126% / 8h | 2h 55m | $443K | $128K | 75x |
| Short | Hyperliquid RUNE | 0.6379 | 0.0326 | get 0.0041% / 1h | 55m 27s | $1.6M | $861K | 5x |
BloFin RUNE-USDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $42.18
- Price spread: +0.450% → +0.129%
- $32.18
- Slippage, 4 orders
- −$52.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $0.48
- Costs to cover
- 0.739%
- Break-even
- 6.9 days
Slippage from BloFin: live order book, 30 min ago; Hyperliquid: 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 BloFin live order book, 30 min ago | 6.32 bp | 18.6 bp −$19 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.08 bp | 19.4 bp −$19 | 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 | −0.1009% | 1h | 0.6346 | −0.063% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.071% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6369 | +0.299% | $4.7M | $9.5M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6371 | +0.331% | $2.7M | $1.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6374 | +0.378% | $657K | $286K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6373 | +0.362% | $2.6M | $1.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6364 | +0.220% | $908K | $192K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6376 | +0.409% | $1.6M | $459K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6375 | +0.394% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6344 | −0.095% | $125K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6371 | +0.334% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDTlong | +0.0126% | 8h | 0.6350 | long leg | $443K | $128K | 75x | |
| Hyperliquid RUNEshort | +0.0326% | 1h | 0.6379 | +0.450% | $1.6M | $861K | 5x | |
| Coinbase International RUNE-PERP-INTX | +0.0368% | 1h | 0.6365 | +0.236% | $38K | $16K | 25x | as long as short |
| dYdX RUNE-USD | +0.1618% | 1h | 0.6352 | +0.030% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2415% | 1h | 0.6361 | +0.172% | $176K | $213K | 20x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD