Funding you earn now, next payment 00:00 UTC−0.1006%/8h= −110.1% APRpaid last 24h −0.064%
Price spread now: Gate against Hyperliquid−0.166%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1331.335% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.166%, 7d avg −0.085%
=Together, before fees−0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Gate is 0.081% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% 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 | 0.6565 | 0.1106 | pay 0.0138% / 1h | 59m 48s | $1.8M | $951K | 5x |
| Short | Gate RUNE_USDT | 0.6554 | 0.0100 | get 0.0100% / 8h | 7h 59m | $672K | $331K | 50x |
Hyperliquid RUNE
Gate RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$211.24
- Price spread: −0.166% → −0.085%
- −$8.08
- Slippage, 4 orders
- −$109.45
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$352.77
- Costs to cover
- 1.335%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Gate: live order book, 12 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, 11 min ago | 3.38 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 12 min ago | 3.09 bp | 43.4 bp −$43 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | −0.0208% | 1h | 0.6550 | −0.227% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6617 | +0.794% | $42K | $29K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.244% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0075% | 8h | 0.6600 | +0.535% | $457K | $185K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6543 | −0.329% | $5.0M | $11.6M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6546 | −0.288% | $2.9M | $2.0M | 75x | as long as short |
| Gate RUNE_USDTshort | +0.0100% | 8h | 0.6554 | −0.166% | $672K | $331K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6550 | −0.227% | $3.5M | $2.1M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6548 | −0.257% | $909K | $218K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6558 | −0.105% | $1.6M | $596K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0100% | 8h | 0.6546 | −0.288% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6595 | +0.453% | $130K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6544 | −0.319% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNElong | +0.1106% | 1h | 0.6565 | long leg | $1.8M | $951K | 5x | |
| dYdX RUNE-USD | +0.1205% | 1h | 0.6563 | −0.029% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1660% | 1h | 0.6561 | −0.054% | $193K | $233K | 20x | as long as short |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD