Funding you earn now, next payment 23:00 UTC+0.0624%/8h= +68.3% APRpaid last 24h +0.056%
Price spread now: Hyperliquid against KuCoin+0.292%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as 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)+0.032%+$3 · spread now +0.292%, 7d avg +0.182%
=Together, before fees+0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.110% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.182%.
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 | KuCoin RUNEUSDTM | 0.6399 | 0.0100 | pay 0.0100% / 8h | 1h 43m | $902K | $197K | 50x |
| Short | Hyperliquid RUNE | 0.6418 | 0.0724 | get 0.0090% / 1h | 43m 18s | $1.7M | $867K | 5x |
KuCoin RUNEUSDTM
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $130.95
- Price spread: +0.292% → +0.182%
- $11.04
- Slippage, 4 orders
- −$146.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.38
- Costs to cover
- 1.674%
- Break-even
- 8.4 days
Slippage from KuCoin: live order book, 31 min ago; Hyperliquid: live order book, 7 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 KuCoin live order book, 31 min ago | 7.09 bp | 59.9 bp −$60 | 229.6 bp −$2,296 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 3.02 bp | 29.5 bp −$29 | 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 | −0.1152% | 1h | 0.6410 | +0.172% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.813% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6404 | +0.083% | $4.8M | $10.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6409 | +0.156% | $2.8M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6399 | 0.000% | $658K | $296K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6413 | +0.219% | $3.4M | $1.6M | 125x | as long as short |
| KuCoin RUNEUSDTMlong | +0.0100% | 8h | 0.6399 | long leg | $902K | $197K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6410 | +0.172% | $1.6M | $490K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6403 | +0.063% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6404 | +0.084% | $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 | 0.6405 | +0.093% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6455 | +0.875% | $38K | $16K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0115% | 8h | 0.6419 | +0.313% | $451K | $156K | 75x | as long as short |
| Hyperliquid RUNEshort | +0.0724% | 1h | 0.6418 | +0.292% | $1.7M | $867K | 5x | |
| dYdX RUNE-USD | +0.1414% | 1h | 0.6409 | +0.155% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2135% | 1h | 0.6417 | +0.287% | $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