Funding you earn now, next payment 08:00 UTC−0.1370%/8h= −150.0% APRnext payment −$1.71 per $10,000 · paid last 24h —
Price spread now: Deribit against Hyperliquid−0.020%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$41 a day on $10k at the current rate, and Deribit is 0.020% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RUNE | 0.6395 | 0.1433 | pay 0.0179% / 1h | 39m 17s | $1.8M | $1.1M | 5x |
| Short | Deribit RUNE_USDC-PERPETUAL | 0.6394 | 0.0063 | get 0.0008% / 1h | 39m 17s | — | — | 10x |
Hyperliquid RUNE
Deribit RUNE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$287.63
- Price spread: −0.020% → 0.000%
- −$2.03
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$305.67
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Deribit: 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, 1 min ago | 2.03 bp | 27.4 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.757% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUALshort | +0.0063% | 1h | 0.6394 | −0.020% | — | — | 10x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6390 | −0.080% | $5.0M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6391 | −0.067% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6401 | +0.089% | $637K | $370K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6388 | −0.114% | $3.9M | $3.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6395 | −0.005% | $991K | $365K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6395 | −0.005% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6395 | −0.001% | $185K | $70K | — | as long as short |
| Bitget RUNEUSDT | +0.0101% | 8h | 0.6402 | +0.105% | $1.6M | $771K | 50x | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
BingX RUNE-USDT
Variational Omni RUNE
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6384 | −0.172% | $4K | $208K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0119% | 8h | 0.6390 | −0.083% | $439K | $210K | 75x | as long as short |
| dYdX RUNE-USD | +0.0234% | 1h | 0.6384 | −0.171% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0767% | 1h | 0.6395 | −0.012% | $148K | $321K | 20x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.1024% | 1h | 0.6430 | +0.543% | $37K | $29K | 25x | as long as short |
| Hyperliquid RUNElong | +0.1433% | 1h | 0.6395 | long leg | $1.8M | $1.1M | 5x |
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD
Coinbase International RUNE-PERP-INTX