Funding you earn now, next payment 03:00 UTC−0.1471%/8h= −161.0% APRnext payment −$1.84 per $10,000 · paid last 24h −0.066%
Price spread now: Injective against Hyperliquid−3.319%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.198%−$20 on $10k
+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 −$44 a day on $10k at the current rate, and Injective is 3.319% cheaper against Hyperliquid than usual: you would sell low and buy high (−$332 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.84 per $10,000. 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 | 0.6366 | 0.1504 | pay 0.0188% / 1h | 18m 19s | $1.7M | $1.0M | 5x |
| Short | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | get 0.0004% / 1h | 18m 19s | $7 | $14 | 12x |
Hyperliquid RUNE
Injective RUNE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$308.81
- Price spread: −3.319% → 0.000%
- −$331.9
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$649.73
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; Injective: 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, 2 min ago | 3.85 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERPshort | +0.0033% | 1h | 0.6155 | −3.319% | $7 | $14 | 12x | |
| Deribit RUNE_USDC-PERPETUAL | +0.0065% | 1h | 0.6346 | −0.319% | — | — | 10x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6345 | −0.334% | $4.8M | $15.4M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6340 | −0.413% | $2.8M | $2.8M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6349 | −0.272% | $629K | $375K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6344 | −0.350% | $3.6M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6349 | −0.272% | $915K | $331K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6353 | −0.209% | $1.5M | $767K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6346 | −0.319% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6343 | −0.361% | $187K | $67K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDT | +0.0102% | 8h | 0.6344 | −0.350% | $445K | $193K | 75x | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6343 | −0.370% | $4K | $165K | 10x | as long as short |
| dYdX RUNE-USD | +0.0157% | 1h | 0.6341 | −0.394% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0504% | 1h | 0.6362 | −0.068% | $37K | $31K | 25x | as long as short |
| Hyperliquid RUNElong | +0.1504% | 1h | 0.6366 | long leg | $1.7M | $1.0M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.2061% | 1h | 0.6349 | −0.269% | $181K | $286K | 20x | as long as short |
BloFin RUNE-USDT
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD