Funding you earn now, next payment 23:00 UTC+0.1697%/8h= +185.9% APRnext payment +$2.12 per $10,000 · paid last 24h −0.055%
Price spread now: Kraken Futures against Hyperliquid−0.178%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1451.453% of the position
Funding, last 7 days−0.702%−$70 on $10k
+Price spread, last 3 days (all we have)+0.085%+$9 · spread now −0.178%, 7d avg +0.031%
=Together, before fees−0.617%+ Points / potential airdropHyperliquid: Season 2 · farm board−$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.209% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of +0.031%). If the spread goes back, that is −$21 on $10k: about 10 hours of funding at the current rate (+$51 a day). Mind the row above: over the last 7 days funding on this pair cost −0.702%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.702% in total (about -36.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.12 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 | 0.6454 | 0.0429 | pay 0.0054% / 1h | 52m 50s | $1.7M | $863K | 5x |
| Short | Kraken Futures PF_RUNEUSD | 0.6443 | 0.2127 | get 0.0266% / 1h | 52m 50s | $178K | $214K | 20x |
Hyperliquid RUNE
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $356.45
- Price spread: −0.178% → +0.031%
- −$20.88
- Slippage, 4 orders
- −$126.27
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $190.3
- Costs to cover
- 1.453%
- Break-even
- 3.3 days
Slippage from Hyperliquid: live order book, 8 min ago; Kraken Futures: live order book, 30 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, 8 min ago | 2.04 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 35.81 bp | 51.4 bp −$51 | 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 | −0.1609% | 1h | 0.6443 | −0.178% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.640% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6429 | −0.388% | $4.8M | $10.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6430 | −0.380% | $2.8M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6439 | −0.240% | $662K | $295K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6430 | −0.380% | $3.4M | $1.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6436 | −0.287% | $903K | $195K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6440 | −0.225% | $1.6M | $486K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6431 | −0.364% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6422 | −0.504% | $126K | $9K | — | 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-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 | 0.6430 | −0.384% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6455 | +0.008% | $38K | $16K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0118% | 8h | 0.6437 | −0.271% | $442K | $156K | 75x | as long as short |
| Hyperliquid RUNElong | +0.0429% | 1h | 0.6454 | long leg | $1.7M | $863K | 5x | |
| Kraken Futures PF_RUNEUSDshort | +0.2127% | 1h | 0.6443 | −0.178% | $178K | $214K | 20x | |
| dYdX RUNE-USD | +0.2429% | 1h | 0.6456 | +0.021% | $55K | $4K | 5x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
dYdX RUNE-USD