Funding you earn now, next payment 00:00 UTC+0.1048%/8h= +114.7% APRnext payment +$1.31 per $10,000 · paid last 24h +0.062%
Price spread now: Hyperliquid against Extended+0.328%7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1031.028% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.328%, 7d avg +0.175%
=Together, before fees−0.048%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Hyperliquid is 0.153% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.175%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.31 per $10,000. 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 | Extended RUNE-USD | 0.6463 | 0.0104 | pay 0.0013% / 1h | 11m 17s | $4K | $170K | 10x |
| Short | Hyperliquid RUNE | 0.6484 | 0.1152 | get 0.0144% / 1h | 11m 17s | $1.8M | $937K | 5x |
Extended RUNE-USD
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $220.01
- Price spread: +0.328% → +0.175%
- $15.35
- Slippage, 4 orders
- −$88.84
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $132.52
- Costs to cover
- 1.028%
- Break-even
- 2.8 days
Slippage from Extended: live order book, 65 min ago; Hyperliquid: live order book, 9 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 Extended live order book, 65 min ago | 4.21 bp | 23.5 bp −$24 | 200.6 bp −$2,006 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 6.01 bp | 22.6 bp −$23 | 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 | −0.0213% | 1h | 0.6471 | +0.121% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6477 | +0.213% | $42K | $28K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.769% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0080% | 8h | 0.6452 | −0.173% | $456K | $161K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6466 | +0.039% | $4.9M | $10.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6463 | −0.003% | $2.7M | $1.7M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6466 | +0.043% | $665K | $316K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6464 | +0.012% | $3.5M | $1.8M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6467 | +0.059% | $898K | $212K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6471 | +0.121% | $1.6M | $551K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0100% | 8h | 0.6465 | +0.028% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6459 | −0.064% | $127K | $8K | — | as long as short |
| Extended RUNE-USDlong | +0.0104% | 1h | 0.6463 | long leg | $4K | $170K | 10x | |
| Hyperliquid RUNEshort | +0.1152% | 1h | 0.6484 | +0.328% | $1.8M | $937K | 5x | |
| dYdX RUNE-USD | +0.1313% | 1h | 0.6472 | +0.134% | $55K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1681% | 1h | 0.6479 | +0.237% | $191K | $230K | 20x | as long as short |
BingX RUNE-USDT
Variational Omni RUNE
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD