Funding you earn now, next payment 00:00 UTC+0.0886%/8h= +97.0% APRpaid last 24h +0.064%
Price spread now: Hyperliquid against Binance+0.409%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$780.782% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days−0.317%−$32 · spread now +0.409%, 7d avg +0.117%
=Together, before fees−0.185%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 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 0.292% dearer against Binance than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.117%.
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 6.9% 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 | Binance RUNEUSDT | 0.6412 | 0.0100 | pay 0.0100% / 8h | 49m 13s | $4.8M | $10.7M | 75x |
| Short | Hyperliquid RUNE | 0.6438 | 0.0986 | get 0.0123% / 1h | 49m 13s | $1.7M | $901K | 5x |
Binance RUNEUSDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $186.09
- Price spread: +0.409% → +0.117%
- $29.18
- Slippage, 4 orders
- −$59.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $137.09
- Costs to cover
- 0.782%
- Break-even
- 1.8 days
Slippage from Binance: live order book, 6 min ago; Hyperliquid: live order book, 2 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 Binance live order book, 6 min ago | 0.77 bp | 18.1 bp −$18 | 77.1 bp −$771 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.94 bp | 17.8 bp −$18 | 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 | −0.1307% | 1h | 0.6414 | +0.031% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6453 | +0.639% | $37K | $18K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.008% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6412 | long leg | $4.8M | $10.7M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6408 | −0.062% | $2.7M | $1.7M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6419 | +0.109% | $661K | $310K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6412 | 0.000% | $3.4M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6419 | +0.109% | $903K | $208K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6419 | +0.109% | $1.6M | $532K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6416 | +0.062% | — | $59.2M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Injective RUNE/USDC PERP
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 RUNE | +0.0100% | 8h | 0.6431 | +0.299% | $127K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6409 | −0.040% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0113% | 8h | 0.6425 | +0.203% | $450K | $160K | 75x | as long as short |
| Hyperliquid RUNEshort | +0.0986% | 1h | 0.6438 | +0.409% | $1.7M | $901K | 5x | |
| dYdX RUNE-USD | +0.1192% | 1h | 0.6429 | +0.267% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1695% | 1h | 0.6427 | +0.230% | $189K | $229K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD