Funding you earn now, next payment 05:00 UTC−0.1491%/8h= −163.3% APRpaid last 24h −0.140%
Price spread now: Bitget against Hyperliquid−0.028%7-day average −0.079% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.028%, 7d avg −0.079%
=Together, before fees−0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.051% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.079%): +$5 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.134% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% 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 | 0.6354 | 0.1591 | pay 0.0199% / 1h | 34m 17s | $1.8M | $1.1M | 5x |
| Short | Bitget RUNEUSDT | 0.6352 | 0.0100 | get 0.0100% / 8h | 3h 34m | $1.5M | $775K | 50x |
Hyperliquid RUNE
Bitget RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$313.14
- Price spread: −0.028% → −0.079%
- $5.11
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$329.03
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Bitget: live order book, 2 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 Hyperliquid live order book, 6 min ago | 1.10 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.94 bp | 21.7 bp −$22 | 106.8 bp −$1,068 | 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 | 0.0000% | 1h | 0.6344 | −0.154% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.129% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6343 | −0.171% | $4.8M | $15.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6343 | −0.170% | $2.9M | $2.8M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6348 | −0.091% | $629K | $369K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6342 | −0.186% | $3.4M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6345 | −0.138% | $991K | $360K | 50x | as long as short |
| Bitget RUNEUSDTshort | +0.0100% | 8h | 0.6352 | −0.028% | $1.5M | $775K | 50x | |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6344 | −0.154% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6342 | −0.180% | $187K | $67K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
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 | 0.6341 | −0.209% | $4K | $169K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0129% | 8h | 0.6337 | −0.264% | $441K | $193K | 75x | as long as short |
| dYdX RUNE-USD | +0.0372% | 1h | 0.6336 | −0.274% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +0.648% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0952% | 1h | 0.6347 | −0.112% | $166K | $309K | 20x | as long as short |
| Hyperliquid RUNElong | +0.1591% | 1h | 0.6354 | long leg | $1.8M | $1.1M | 5x |
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD