Funding you earn now, next payment 00:00 UTC−0.1050%/8h= −115.0% APRpaid last 24h −0.064%
Price spread now: BingX against Hyperliquid−0.334%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$930.932% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.259%+$26 · spread now −0.334%, 7d avg −0.105%
=Together, before fees+0.201%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and BingX is 0.229% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.105%). Swap the legs.
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 | Hyperliquid RUNE | 0.6492 | 0.1150 | pay 0.0144% / 1h | 12m 01s | $1.8M | $937K | 5x |
| Short | BingX RUNE-USDT | 0.6470 | 0.0100 | get 0.0100% / 8h | 12m 01s | — | $59.1M | — |
Hyperliquid RUNE
BingX RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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
- −$220.59
- Price spread: −0.334% → −0.105%
- −$22.94
- Slippage, 4 orders
- −$74.15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$336.68
- Costs to cover
- 0.932%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; BingX: live order book, 2 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 Hyperliquid live order book, 9 min ago | 6.01 bp | 32.3 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 5.43 bp | 17.9 bp −$18 | 48.7 bp −$487 | 318.2 bp −$31.8K | 490.7 bp −$245.4K |
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 | −0.0522% | 1h | 0.6468 | −0.365% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6477 | −0.226% | $42K | $28K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −5.187% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0080% | 8h | 0.6452 | −0.612% | $456K | $161K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6477 | −0.228% | $4.9M | $10.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6468 | −0.365% | $2.7M | $1.7M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6465 | −0.411% | $665K | $316K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6471 | −0.319% | $3.5M | $1.8M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6462 | −0.458% | $898K | $212K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6468 | −0.365% | $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-USDTshort | +0.0100% | 8h | 0.6470 | −0.334% | — | $59.1M | — | |
| Variational Omni RUNE | +0.0100% | 8h | 0.6450 | −0.641% | $127K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6464 | −0.422% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNElong | +0.1150% | 1h | 0.6492 | long leg | $1.8M | $937K | 5x | |
| dYdX RUNE-USD | +0.1341% | 1h | 0.6462 | −0.457% | $55K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1681% | 1h | 0.6480 | −0.188% | $191K | $230K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD