Funding you earn now, next payment 00:00 UTC−0.1051%/8h= −115.1% APRpaid last 24h −0.064%
Price spread now: MEXC against Hyperliquid−0.367%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days+0.259%+$26 · spread now −0.367%, 7d avg −0.116%
=Together, before fees+0.126%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and MEXC is 0.251% cheaper against Hyperliquid than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.116%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -7.0% 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 | 0.6546 | 0.1151 | pay 0.0144% / 1h | 8m 58s | $1.8M | $938K | 5x |
| Short | MEXC RUNE_USDT | 0.6522 | 0.0100 | get 0.0100% / 8h | 8m 58s | $3.4M | $1.9M | 125x |
Hyperliquid RUNE
MEXC RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$220.68
- Price spread: −0.367% → −0.116%
- −$25.05
- Slippage, 4 orders
- −$61.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$319.98
- Costs to cover
- 0.742%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago | 3.38 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.32 bp | 9.0 bp −$9 | 22.2 bp −$222 | 111.3 bp −$11.1K | 240.3 bp −$120.2K |
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 | −0.0515% | 1h | 0.6528 | −0.275% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6500 | −0.703% | $42K | $29K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −5.973% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6525 | −0.328% | $5.0M | $11.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6521 | −0.382% | $2.9M | $1.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6535 | −0.168% | $671K | $320K | 50x | as long as short |
| MEXC RUNE_USDTshort | +0.0100% | 8h | 0.6522 | −0.367% | $3.4M | $1.9M | 125x | |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6527 | −0.290% | $907K | $212K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6540 | −0.092% | $1.6M | $563K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6525 | −0.321% | — | $59.1M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate 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 | 0.6459 | −1.328% | $127K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6523 | −0.344% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0125% | 8h | 0.6545 | −0.015% | $463K | $164K | 75x | as long as short |
| Hyperliquid RUNElong | +0.1151% | 1h | 0.6546 | long leg | $1.8M | $938K | 5x | |
| dYdX RUNE-USD | +0.1298% | 1h | 0.6539 | −0.113% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1665% | 1h | 0.6540 | −0.085% | $193K | $231K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD