Funding you earn now, next payment 00:00 UTC−0.0966%/8h= −105.8% APRpaid last 24h −0.064%
Price spread now: Gate against Hyperliquid−0.181%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as 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)−0.056%−$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 against this trade now: funding costs −$29 a day on $10k at the current rate, and Gate is 0.096% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.085%). 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 | 0.6467 | 0.1066 | pay 0.0133% / 1h | 37m 16s | $1.7M | $907K | 5x |
| Short | Gate RUNE_USDT | 0.6455 | 0.0100 | get 0.0100% / 8h | 37m 16s | $665K | $313K | 50x |
Hyperliquid RUNE
Gate RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$202.83
- Price spread: −0.181% → −0.085%
- −$9.57
- Slippage, 4 orders
- −$101.53
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$337.92
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Gate: live order book, 39 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, 3 min ago | 2.71 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 39 min ago | 3.89 bp | 34.9 bp −$35 | 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 | −0.227% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6457 | −0.150% | $41K | $28K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.820% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6452 | −0.227% | $4.9M | $10.8M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6449 | −0.274% | $2.7M | $1.7M | 75x | as long as short |
| Gate RUNE_USDTshort | +0.0100% | 8h | 0.6455 | −0.181% | $665K | $313K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6454 | −0.196% | $3.3M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6449 | −0.274% | $896K | $209K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6461 | −0.088% | $1.6M | $536K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6458 | −0.135% | — | $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 | −0.108% | $127K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6449 | −0.278% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0128% | 8h | 0.6469 | +0.036% | $453K | $162K | 75x | as long as short |
| Hyperliquid RUNElong | +0.1066% | 1h | 0.6467 | long leg | $1.7M | $907K | 5x | |
| dYdX RUNE-USD | +0.1330% | 1h | 0.6451 | −0.240% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1685% | 1h | 0.6463 | −0.063% | $190K | $229K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD