Funding you earn now, next payment 06:00 UTC−0.1365%/8h= −149.5% APRpaid last 24h −0.159%
Price spread now: Binance against Hyperliquid−0.144%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 7 days+0.106%+$11 · spread now −0.144%, 7d avg −0.117%
=Together, before fees−0.113%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Binance is 0.027% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.117%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.218% 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 | Hyperliquid RUNE | 0.6318 | 0.1465 | pay 0.0183% / 1h | 16m 10s | $1.8M | $1.2M | 5x |
| Short | Binance RUNEUSDT | 0.6308 | 0.0100 | get 0.0100% / 8h | 2h 16m | $4.8M | $16.2M | 75x |
Hyperliquid RUNE
Binance RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$286.67
- Price spread: −0.144% → −0.117%
- −$2.72
- Slippage, 4 orders
- −$66.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$374.7
- Costs to cover
- 0.853%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Binance: 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 Hyperliquid live order book, 5 min ago | 2.85 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.59 bp | 22.0 bp −$22 | 72.2 bp −$722 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.572% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0067% | 1h | 0.6310 | −0.119% | — | — | 10x | as long as short |
| BloFin RUNE-USDT | +0.0084% | 8h | 0.6322 | +0.071% | $431K | $209K | 75x | as long as short |
| Binance RUNEUSDTshort | +0.0100% | 8h | 0.6308 | −0.144% | $4.8M | $16.2M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6306 | −0.182% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6306 | −0.182% | $625K | $368K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6308 | −0.150% | $3.4M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6313 | −0.071% | $971K | $364K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6319 | +0.024% | $1.5M | $783K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6312 | −0.087% | — | $58.7M | — | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
BloFin RUNE-USDT
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 | 0.6299 | −0.294% | $185K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6308 | −0.154% | $6K | $153K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6337 | +0.309% | $37K | $30K | 25x | as long as short |
| dYdX RUNE-USD | +0.0776% | 1h | 0.6299 | −0.297% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0825% | 1h | 0.6311 | −0.105% | $156K | $308K | 20x | as long as short |
| Hyperliquid RUNElong | +0.1465% | 1h | 0.6318 | long leg | $1.8M | $1.2M | 5x |
Variational Omni RUNE
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD