Funding you earn now, next payment 23:00 UTC−0.0552%/8h= −60.4% APRpaid last 24h −0.049%
Price spread now: Variational Omni against Hyperliquid−1.300%7-day average −0.199% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.070%−$7 on $10k
+Price spread, last 3 days (all we have)+1.291%+$129 · spread now −1.300%, 7d avg −0.199%
=Together, before fees+1.221%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$122 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Variational Omni is 1.101% cheaper against Hyperliquid than usual: you would sell low and buy high (−$110 if the spread goes back to its 7-day average of −0.199%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.070% in total (about -7.8% 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 | 0.6441 | 0.0652 | pay 0.0081% / 1h | 56m 49s | $1.7M | $862K | 5x |
| Short | Variational Omni RUNE | 0.6357 | 0.0100 | get 0.0100% / 8h | 1h 56m | $125K | $9K | — |
Hyperliquid RUNE
Variational Omni RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$115.86
- Price spread: −1.300% → −0.199%
- −$110.13
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$234.98
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Variational Omni: RFQ quote, 27 min ago. 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, 4 min ago | 2.04 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 27 min ago | 7.82 bp | doesn't fit | 67.3 bp −$673 | 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 | −0.1463% | 1h | 0.6410 | −0.474% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.433% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0098% | 8h | 0.6408 | −0.505% | $452K | $155K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6425 | −0.241% | $4.7M | $10.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6428 | −0.194% | $2.8M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6416 | −0.380% | $660K | $294K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6427 | −0.210% | $3.4M | $1.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6422 | −0.287% | $904K | $195K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6427 | −0.210% | $1.6M | $479K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6418 | −0.349% | — | $59.1M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
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 RUNEshort | +0.0100% | 8h | 0.6357 | −1.300% | $125K | $9K | — | |
| Extended RUNE-USD | +0.0104% | 1h | 0.6418 | −0.350% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6396 | −0.691% | $38K | $16K | 25x | as long as short |
| Hyperliquid RUNElong | +0.0652% | 1h | 0.6441 | long leg | $1.7M | $862K | 5x | |
| Kraken Futures PF_RUNEUSD | +0.2133% | 1h | 0.6424 | −0.260% | $178K | $214K | 20x | as long as short |
| dYdX RUNE-USD | +0.2374% | 1h | 0.6417 | −0.366% | $55K | $4K | 5x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD