Funding you earn now, next payment 23:00 UTC−0.0638%/8h= −69.9% APRpaid last 24h −0.056%
Price spread now: KuCoin against Hyperliquid−0.244%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1671.674% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.244%, 7d avg −0.182%
=Together, before fees−0.132%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.182%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% 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 | 0.6434 | 0.0738 | pay 0.0092% / 1h | 42m 31s | $1.7M | $867K | 5x |
| Short | KuCoin RUNEUSDTM | 0.6418 | 0.0100 | get 0.0100% / 8h | 1h 42m | $905K | $197K | 50x |
Hyperliquid RUNE
KuCoin RUNEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$134.03
- Price spread: −0.244% → −0.182%
- −$6.22
- Slippage, 4 orders
- −$146.36
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$307.61
- Costs to cover
- 1.674%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 32 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 | 3.02 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 32 min ago | 7.09 bp | 60.3 bp −$60 | 161.8 bp −$1,618 | 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 | −0.1152% | 1h | 0.6410 | −0.368% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.332% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6421 | −0.192% | $4.8M | $10.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6419 | −0.228% | $2.8M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6419 | −0.228% | $660K | $296K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6420 | −0.213% | $3.5M | $1.6M | 125x | as long as short |
| KuCoin RUNEUSDTMshort | +0.0100% | 8h | 0.6418 | −0.244% | $905K | $197K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6429 | −0.073% | $1.6M | $490K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6422 | −0.182% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6404 | −0.456% | $126K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
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 | 0.6418 | −0.246% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6455 | +0.331% | $38K | $16K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0115% | 8h | 0.6419 | −0.228% | $451K | $156K | 75x | as long as short |
| Hyperliquid RUNElong | +0.0738% | 1h | 0.6434 | long leg | $1.7M | $867K | 5x | |
| dYdX RUNE-USD | +0.1389% | 1h | 0.6415 | −0.286% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2135% | 1h | 0.6417 | −0.254% | $177K | $217K | 20x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD