RUNE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0552%/8h= −60.4% APRnext payment −$0.69 per $10,000 · paid last 24h −0.732%

Price spread now: Hyperliquid against dYdX+0.170%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−1.904%−$190 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.170% dearer against dYdX than usual: you sell high and buy low (spread +0.170% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX RUNE-USD	0.6419	0.1303	pay 0.0163% / 1h	17m 27s	$55K	$4K	5x
Short	Hyperliquid RUNE	0.6430	0.0751	get 0.0094% / 1h	17m 27s	$1.7M	$868K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$115.85
Price spread: +0.170% → 0.000%: $17.04
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$117.82
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	3.27 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0840%	1h	0.6418	−0.010%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.108%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6416	−0.049%	$4.8M	$10.5M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6418	−0.010%	$2.7M	$1.6M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6417	−0.026%	$662K	$303K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6419	+0.005%	$3.5M	$1.7M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6419	+0.005%	$905K	$201K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6422	+0.052%	$1.6M	$510K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6422	+0.052%	—	$59.2M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6408	−0.163%	$127K	$9K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RUNE-USDT	+0.0102%	8h	0.6402	−0.260%	$455K	$157K	75x	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6414	−0.068%	$4K	$170K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0112%	1h	0.6424	+0.083%	$37K	$18K	25x	as long as short
Hyperliquid RUNEshort	+0.0751%	1h	0.6430	+0.170%	$1.7M	$868K	5x
dYdX RUNE-USDlong	+0.1303%	1h	0.6419	long leg	$55K	$4K	5x
Kraken Futures PF_RUNEUSD	+0.2132%	1h	0.6427	+0.136%	$189K	$231K	20x	as long as short