RUNE

Alert

Funding spread now, next payment 19:00 UTC−0.0288%/8h

next payment, per $10,000−$0.36paid, last 24h+0.011%paid, last 7 days−0.129%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. 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	0.6189	0.0321	pay 0.0040% / 1h	37m 29s	$1.6M	$805K	5x
Short	Injective RUNE/USDC PERP	0.6155	0.0033	get 0.0004% / 1h	37m 29s	$7	$70K	12x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersRate

Funding earned: −$60.48
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$69.5
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.548%
Avg gap 7d: +0.091%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	6.08 bp	20.5 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit RUNE_USDC-PERPETUAL	−0.0559%	1h	—	—	10x	as long as short
Kraken Futures PF_RUNEUSD	−0.0249%	1h	$154K	$214K	20x	as long as short
Injective RUNE/USDC PERPshort	+0.0033%	1h	$7	$70K	12x
BloFin RUNE-USDT	+0.0076%	8h	$428K	$49K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	$4.3M	$7.7M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	$2.5M	$1.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	$640K	$251K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	$2.8M	$1.3M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	$878K	$159K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	$1.5M	$401K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0100%	8h	—	$59.2M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	$121K	$9K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	$4K	$170K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0288%	1h	$37K	$16K	25x	as long as short
Hyperliquid RUNElong	+0.0321%	1h	$1.6M	$805K	5x
dYdX RUNE-USD	+0.1905%	1h	$52K	$2K	5x	as long as short