Funding you earn now, next payment 03:00 UTC+0.1378%/8h= +150.9% APRpaid last 24h +0.101%
Price spread now: Hyperliquid against Gate+0.208%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1531.531% of the position
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 4 days (all we have)+0.399%+$40 · spread now +0.208%, 7d avg +0.079%
=Together, before fees+0.494%+ Points / potential airdropHyperliquid: Season 2 · farm board+$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Hyperliquid is 0.129% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.095% in total (about 4.9% 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 | Gate RUNE_USDT | 0.6301 | 0.0100 | pay 0.0100% / 8h | 5h 38m | $625K | $371K | 50x |
| Short | Hyperliquid RUNE | 0.6314 | 0.1478 | get 0.0185% / 1h | 38m 41s | $1.7M | $1.0M | 5x |
Gate RUNE_USDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $289.37
- Price spread: +0.208% → +0.079%
- $12.85
- Slippage, 4 orders
- −$129.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $149.11
- Costs to cover
- 1.531%
- Break-even
- 3.4 days
Slippage from Gate: live order book, 23 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 Gate live order book, 23 min ago | 3.97 bp | 60.7 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 2.38 bp | 20.8 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 | 0.0000% | 1h | 0.6298 | −0.048% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.317% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6299 | −0.032% | $4.8M | $15.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6298 | −0.048% | $2.8M | $2.7M | 75x | as long as short |
| Gate RUNE_USDTlong | +0.0100% | 8h | 0.6301 | long leg | $625K | $371K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6299 | −0.032% | $3.6M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6296 | −0.079% | $907K | $329K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6307 | +0.095% | $1.5M | $762K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6295 | −0.095% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6284 | −0.265% | $185K | $67K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
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 | 0.6292 | −0.145% | $4K | $164K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0128% | 8h | 0.6305 | +0.063% | $443K | $191K | 75x | as long as short |
| dYdX RUNE-USD | +0.0224% | 1h | 0.6299 | −0.026% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0504% | 1h | 0.6326 | +0.397% | $37K | $31K | 25x | as long as short |
| Hyperliquid RUNEshort | +0.1478% | 1h | 0.6314 | +0.208% | $1.7M | $1.0M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.2075% | 1h | 0.6306 | +0.083% | $182K | $284K | 20x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD