Funding you earn now, next payment 00:00 UTC−0.1140%/8h= −124.8% APRnext payment −$1.42 per $10,000 · paid last 24h −0.021%
Price spread now: Coinbase International against Hyperliquid−0.265%49s7-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
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Coinbase International is 0.265% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RUNE | 0.6615 | 0.1196 | pay 0.0149% / 1h | 7m 31s | $1.8M | $999K | 5x |
| Short | Coinbase International RUNE-PERP-INTX | 0.6598 | 0.0056 | get 0.0007% / 1h | 7m 31s | $39K | $32K | 25x |
Hyperliquid RUNE
Coinbase International RUNE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$239.37
- Price spread: −0.265% → 0.000%
- −$26.45
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$284.82
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Coinbase International: no order-book sample. 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 Hyperliquid live order book, 3 min ago | 3.63 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 | 0.6592 | −0.355% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.961% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTXshort | +0.0056% | 1h | 0.6598 | −0.265% | $39K | $32K | 25x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6596 | −0.295% | $5.2M | $13.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6597 | −0.280% | $3.0M | $2.2M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6591 | −0.370% | $664K | $357K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6597 | −0.280% | $3.2M | $2.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6588 | −0.416% | $928K | $256K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6590 | −0.385% | $1.6M | $661K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6598 | −0.265% | — | $58.9M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
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 | 0.6565 | −0.757% | $156K | $34K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6586 | −0.444% | $4K | $169K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0112% | 8h | 0.6583 | −0.491% | $483K | $192K | 75x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0595% | 1h | 0.6605 | −0.159% | $196K | $247K | 20x | as long as short |
| dYdX RUNE-USD | +0.0685% | 1h | 0.6584 | −0.477% | $56K | $5K | 5x | as long as short |
| Hyperliquid RUNElong | +0.1196% | 1h | 0.6615 | long leg | $1.8M | $999K | 5x |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD