Funding you earn now, next payment 01:00 UTC+0.0896%/8h= +98.1% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against MEXC+0.372%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 7 days−0.305%−$30 · spread now +0.372%, 7d avg +0.114%
=Together, before fees−0.168%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Hyperliquid is 0.259% dearer against MEXC than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.114%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% 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 | MEXC RUNE_USDT | 0.6605 | 0.0100 | pay 0.0100% / 8h | 7h 42m | $3.7M | $2.4M | 125x |
| Short | Hyperliquid RUNE | 0.6630 | 0.0996 | get 0.0125% / 1h | 42m 01s | $1.8M | $970K | 5x |
MEXC RUNE_USDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $188.22
- Price spread: +0.372% → +0.114%
- $25.86
- Slippage, 4 orders
- −$45.84
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $155.24
- Costs to cover
- 0.588%
- Break-even
- 1.2 days
Slippage from MEXC: live order book, 5 min ago; Hyperliquid: live order book, 9 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 MEXC live order book, 5 min ago | 1.51 bp | 8.1 bp −$8 | 19.3 bp −$193 | 96.7 bp −$9,669 | 222.7 bp −$111.3K |
| Sell Hyperliquid live order book, 9 min ago | 3.69 bp | 21.2 bp −$21 | 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 | −0.0505% | 1h | 0.6619 | +0.212% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.813% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6684 | +1.196% | $40K | $32K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0084% | 8h | 0.6658 | +0.802% | $477K | $187K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6614 | +0.133% | $5.2M | $12.4M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6610 | +0.076% | $2.9M | $2.1M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6627 | +0.333% | $670K | $340K | 50x | as long as short |
| MEXC RUNE_USDTlong | +0.0100% | 8h | 0.6605 | long leg | $3.7M | $2.4M | 125x | |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6614 | +0.136% | $936K | $236K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6616 | +0.167% | $1.6M | $631K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0100% | 8h | 0.6623 | +0.273% | — | $59.2M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6652 | +0.719% | $131K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6605 | +0.007% | $4K | $169K | 10x | as long as short |
| dYdX RUNE-USD | +0.0464% | 1h | 0.6652 | +0.711% | $57K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0592% | 1h | 0.6638 | +0.493% | $197K | $237K | 20x | as long as short |
| Hyperliquid RUNEshort | +0.0996% | 1h | 0.6630 | +0.372% | $1.8M | $970K | 5x |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD