Funding you earn now, next payment 00:00 UTC+0.0966%/8h= +105.8% APRpaid last 24h +0.064%
Price spread now: Hyperliquid against Gate+0.181%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1261.255% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now +0.181%, 7d avg +0.085%
=Together, before fees+0.113%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.096% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.085%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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 | Gate RUNE_USDT | 0.6455 | 0.0100 | pay 0.0100% / 8h | 37m 11s | $665K | $313K | 50x |
| Short | Hyperliquid RUNE | 0.6467 | 0.1066 | get 0.0133% / 1h | 37m 11s | $1.7M | $907K | 5x |
Gate RUNE_USDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $202.83
- Price spread: +0.181% → +0.085%
- $9.6
- Slippage, 4 orders
- −$101.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $86.9
- Costs to cover
- 1.255%
- Break-even
- 4.0 days
Slippage from Gate: live order book, 39 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 Gate live order book, 39 min ago | 3.89 bp | 39.1 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.71 bp | 22.7 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 | −0.0834% | 1h | 0.6452 | −0.046% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6457 | +0.031% | $41K | $28K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.648% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6452 | −0.046% | $4.9M | $10.8M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6449 | −0.093% | $2.7M | $1.7M | 75x | as long as short |
| Gate RUNE_USDTlong | +0.0100% | 8h | 0.6455 | long leg | $665K | $313K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6454 | −0.015% | $3.3M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6449 | −0.093% | $896K | $209K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6461 | +0.093% | $1.6M | $536K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6458 | +0.046% | — | $59.1M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
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 | 0.6460 | +0.073% | $127K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6449 | −0.097% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0128% | 8h | 0.6469 | +0.217% | $453K | $162K | 75x | as long as short |
| Hyperliquid RUNEshort | +0.1066% | 1h | 0.6467 | +0.181% | $1.7M | $907K | 5x | |
| dYdX RUNE-USD | +0.1330% | 1h | 0.6451 | −0.059% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1685% | 1h | 0.6463 | +0.118% | $190K | $229K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD