Funding you earn now, next payment 01:00 UTC−0.1413%/8h= −154.8% APRnext payment −$1.77 per $10,000 · paid last 24h —
Price spread now: Deribit against Hyperliquid−0.113%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Deribit is 0.113% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RUNE | 0.6662 | 0.1062 | pay 0.0133% / 1h | 20m 05s | $1.8M | $986K | 5x |
| Short | Deribit RUNE_USDC-PERPETUAL | 0.6654 | −0.0351 | pay 0.0044% / 1h | 20m 05s | — | — | 10x |
Hyperliquid RUNE
Deribit RUNE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$296.79
- Price spread: −0.113% → 0.000%
- −$11.26
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$324.05
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Deribit: 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, 1 min ago | 5.16 bp | 31.7 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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-PERPETUALshort | −0.0351% | 1h | 0.6654 | −0.113% | — | — | 10x | |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −7.603% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6707 | +0.683% | $40K | $32K | 25x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6645 | −0.248% | $5.2M | $13.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6650 | −0.173% | $3.0M | $2.2M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6656 | −0.083% | $671K | $354K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6645 | −0.248% | $3.4M | $2.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6652 | −0.143% | $942K | $247K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6657 | −0.068% | $1.7M | $660K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6650 | −0.173% | — | $59.0M | — | as long as short |
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
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 | 0.6670 | +0.134% | $159K | $34K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6652 | −0.139% | $4K | $171K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0113% | 8h | 0.6666 | +0.068% | $479K | $191K | 75x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0590% | 1h | 0.6665 | +0.053% | $196K | $243K | 20x | as long as short |
| dYdX RUNE-USD | +0.0689% | 1h | 0.6659 | −0.040% | $57K | $5K | 5x | as long as short |
| Hyperliquid RUNElong | +0.1062% | 1h | 0.6662 | long leg | $1.8M | $986K | 5x |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD