Funding you earn now, next payment 07:00 UTC+0.0407%/8h= +44.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.107%
Price spread now: Hyperliquid against Coinbase International−0.465%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Hyperliquid is 0.465% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.465% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 3.8 days of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RUNE-PERP-INTX | 0.6430 | 0.1024 | pay 0.0128% / 1h | 40m 23s | $37K | $29K | 25x |
| Short | Hyperliquid RUNE | 0.6400 | 0.1431 | get 0.0179% / 1h | 40m 23s | $1.8M | $1.1M | 5x |
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $85.47
- Price spread: −0.465% → 0.000%
- −$46.5
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $19.96
- Costs to cover
- 0.190%
- Break-even
- 5.4 days
Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 10 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 10 min ago | 1.10 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.0000% | 1h | 0.6393 | −0.575% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.277% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0087% | 8h | 0.6396 | −0.529% | $440K | $210K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6393 | −0.575% | $5.0M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6394 | −0.560% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6404 | −0.404% | $637K | $370K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6394 | −0.560% | $3.8M | $3.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6403 | −0.420% | $992K | $365K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6398 | −0.498% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6395 | −0.540% | $185K | $70K | — | 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
BingX RUNE-USDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RUNEUSDT | +0.0102% | 8h | 0.6405 | −0.389% | $1.6M | $771K | 50x | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6391 | −0.602% | $4K | $208K | 10x | as long as short |
| dYdX RUNE-USD | +0.0212% | 1h | 0.6384 | −0.710% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0767% | 1h | 0.6395 | −0.538% | $148K | $321K | 20x | as long as short |
| Coinbase International RUNE-PERP-INTXlong | +0.1024% | 1h | 0.6430 | long leg | $37K | $29K | 25x | |
| Hyperliquid RUNEshort | +0.1431% | 1h | 0.6400 | −0.465% | $1.8M | $1.1M | 5x |
Bitget RUNEUSDT
Extended RUNE-USD
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD