Funding you earn now, next payment 23:00 UTC−0.1039%/8h= −113.8% APRnext payment −$1.30 per $10,000 · paid last 24h −0.005%
Price spread now: Coinbase International against Hyperliquid+0.096%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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. Coinbase International is 0.096% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RUNE | 0.6462 | 0.1063 | pay 0.0133% / 1h | 35m 17s | $1.7M | $907K | 5x |
| Short | Coinbase International RUNE-PERP-INTX | 0.6468 | 0.0024 | get 0.0003% / 1h | 35m 17s | $42K | $28K | 25x |
Hyperliquid RUNE
Coinbase International RUNE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$218.24
- Price spread: +0.096% → 0.000%
- $9.59
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$227.65
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Coinbase International: no order-book sample. 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, 5 min ago | 2.71 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 | −0.0680% | 1h | 0.6444 | −0.275% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTXshort | +0.0024% | 1h | 0.6468 | +0.096% | $42K | $28K | 25x | |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.748% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6449 | −0.198% | $4.9M | $10.8M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6446 | −0.245% | $2.7M | $1.7M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6454 | −0.121% | $665K | $313K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6449 | −0.198% | $3.3M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6448 | −0.214% | $902K | $210K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6452 | −0.152% | $1.6M | $536K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6447 | −0.229% | — | $59.1M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
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 | 0.6446 | −0.241% | $127K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6443 | −0.294% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0123% | 8h | 0.6457 | −0.074% | $454K | $161K | 75x | as long as short |
| Hyperliquid RUNElong | +0.1063% | 1h | 0.6462 | long leg | $1.7M | $907K | 5x | |
| dYdX RUNE-USD | +0.1412% | 1h | 0.6444 | −0.276% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1686% | 1h | 0.6459 | −0.051% | $190K | $230K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD