Funding you earn now, next payment 02:00 UTC+0.0739%/8h= +80.9% APRpaid last 24h +0.091%
Price spread now: Hyperliquid against Variational Omni−0.215%7-day average +0.185% · 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)+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.215%, 7d avg +0.185%
=Together, before fees+0.195%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.400% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of +0.185%). If the spread goes back, that is −$40 on $10k: about 43 hours of funding at the current rate (+$22 a day). At the pace of the last 3 days (+0.106% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.106% in total (about 11.4% 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 | Variational Omni RUNE | 0.6328 | 0.0100 | pay 0.0100% / 8h | 6h 11m | $186K | $69K | — |
| Short | Hyperliquid RUNE | 0.6315 | 0.0839 | get 0.0105% / 1h | 11m 47s | $1.7M | $1.1M | 5x |
Variational Omni RUNE
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Variational Omni. 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
- $155.1
- Price spread: −0.215% → +0.185%
- −$40.03
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $106.07
- Costs to cover
- 0.090%
- Break-even
- 2.2 days
Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Hyperliquid: live order book, 9 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 Variational Omni RFQ quote, 57 min ago | 7.61 bp | doesn't fit | 60.9 bp −$609 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 4.18 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
RUNE on 15 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 | 0.0000% | 1h | 0.6308 | −0.321% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.739% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6304 | −0.384% | $4.9M | $14.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6301 | −0.432% | $2.9M | $2.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6305 | −0.369% | $633K | $375K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6304 | −0.384% | $3.7M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6305 | −0.369% | $891K | $321K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6314 | −0.226% | $1.5M | $764K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6302 | −0.416% | — | $59.0M | — | as long as short |
| Variational Omni RUNElong | +0.0100% | 8h | 0.6328 | long leg | $186K | $69K | — |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6303 | −0.393% | $4K | $164K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6320 | −0.132% | $37K | $31K | 25x | as long as short |
| dYdX RUNE-USD | +0.0657% | 1h | 0.6307 | −0.341% | $43K | $16K | 5x | as long as short |
| Hyperliquid RUNEshort | +0.0839% | 1h | 0.6315 | −0.215% | $1.7M | $1.1M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.1766% | 1h | 0.6324 | −0.063% | $182K | $283K | 20x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD