Funding you earn now, next payment 06:00 UTC−0.1357%/8h= −148.6% APRpaid last 24h −0.160%
Price spread now: BloFin against Hyperliquid+0.146%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$720.718% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.146%, 7d avg −0.113%
=Together, before fees−0.607%+ Points / potential airdropHyperliquid: Season 2 · farm board−$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.259% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of −0.113%): +$26 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.229% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.229% in total (about -11.9% 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 | Hyperliquid RUNE | 0.6300 | 0.1476 | pay 0.0184% / 1h | 34m 42s | $1.8M | $1.1M | 5x |
| Short | BloFin RUNE-USDT | 0.6309 | 0.0119 | get 0.0119% / 8h | 2h 34m | $435K | $209K | 75x |
Hyperliquid RUNE
BloFin RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$285
- Price spread: +0.146% → −0.113%
- $25.92
- Slippage, 4 orders
- −$50.85
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$330.93
- Costs to cover
- 0.718%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; BloFin: live order book, 47 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, 6 min ago | 0.08 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 2.37 bp | 12.2 bp −$12 | 39.6 bp −$396 | 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 | −2.298% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6288 | −0.187% | $4.8M | $16.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6287 | −0.203% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6304 | +0.067% | $625K | $367K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6287 | −0.203% | $3.4M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6294 | −0.092% | $969K | $364K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6301 | +0.019% | $1.5M | $782K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6299 | −0.013% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6301 | +0.019% | $185K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6293 | −0.102% | $6K | $153K | 10x | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDTshort | +0.0119% | 8h | 0.6309 | +0.146% | $435K | $209K | 75x | |
| Deribit RUNE_USDC-PERPETUAL | +0.0385% | 1h | 0.6307 | +0.114% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6395 | +1.511% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0825% | 1h | 0.6309 | +0.147% | $160K | $314K | 20x | as long as short |
| dYdX RUNE-USD | +0.0829% | 1h | 0.6289 | −0.171% | $27K | $32K | 5x | as long as short |
| Hyperliquid RUNElong | +0.1476% | 1h | 0.6300 | long leg | $1.8M | $1.1M | 5x |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD