Funding you earn now, next payment 01:00 UTC−0.1075%/8h= −117.7% APRpaid last 24h −0.076%
Price spread now: BingX against Hyperliquid−0.479%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$950.950% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 7 days+0.430%+$43 · spread now −0.479%, 7d avg −0.101%
=Together, before fees+0.360%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and BingX is 0.378% cheaper against Hyperliquid than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% 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 | 0.6602 | 0.1175 | pay 0.0147% / 1h | 8m 28s | $1.8M | $999K | 5x |
| Short | BingX RUNE-USDT | 0.6570 | 0.0100 | get 0.0100% / 8h | 7h 08m | — | $58.9M | — |
Hyperliquid RUNE
BingX RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$225.77
- Price spread: −0.479% → −0.101%
- −$37.79
- Slippage, 4 orders
- −$75.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$358.55
- Costs to cover
- 0.950%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; BingX: live order book, 15 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, 2 min ago | 3.63 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 6.74 bp | 23.2 bp −$23 | 52.1 bp −$521 | 326.4 bp −$32.6K | 493.6 bp −$246.8K |
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 | 0.6581 | −0.312% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.765% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6589 | −0.191% | $39K | $32K | 25x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6578 | −0.354% | $5.2M | $13.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6579 | −0.342% | $3.0M | $2.2M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6575 | −0.403% | $662K | $357K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6566 | −0.539% | $3.2M | $2.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6569 | −0.494% | $925K | $256K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6594 | −0.115% | $1.6M | $661K | 50x | as long as short |
| BingX RUNE-USDTshort | +0.0100% | 8h | 0.6570 | −0.479% | — | $58.9M | — |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6565 | −0.548% | $156K | $34K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6566 | −0.539% | $4K | $169K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0112% | 8h | 0.6583 | −0.282% | $483K | $192K | 75x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0596% | 1h | 0.6595 | −0.098% | $195K | $247K | 20x | as long as short |
| dYdX RUNE-USD | +0.0689% | 1h | 0.6574 | −0.418% | $56K | $5K | 5x | as long as short |
| Hyperliquid RUNElong | +0.1175% | 1h | 0.6602 | long leg | $1.8M | $999K | 5x |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD