Funding you earn now, next payment 11:00 UTC−0.0361%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h −0.047%
Price spread now: Kraken Futures against Hyperliquid−0.082%7-day average +0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.631%−$63 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.082%, 7d avg +0.033%
=Together, before fees−0.642%+ Points / potential airdropHyperliquid: Season 2 · farm board−$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Kraken Futures is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RUNE | 0.6478 | 0.0889 | pay 0.0111% / 1h | 52m 41s | $2.0M | $1.3M | 5x |
| Short | Kraken Futures PF_RUNEUSD | 0.6472 | 0.0529 | get 0.0066% / 1h | 52m 41s | $157K | $312K | 20x |
Hyperliquid RUNE
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$75.74
- Price spread: −0.082% → +0.033%
- −$11.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$106.25
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Kraken Futures: live order book, 58 min ago. 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 | 2.94 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 58 min ago | 13.13 bp | 30.3 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
RUNE on 16 exchanges
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 | 0.6463 | −0.225% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.980% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0074% | 8h | 0.6472 | −0.086% | $337K | $229K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6473 | −0.069% | $5.3M | $16.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6473 | −0.071% | $3.0M | $3.0M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6475 | −0.040% | $682K | $381K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6473 | −0.071% | $3.9M | $3.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6475 | −0.040% | $999K | $370K | 50x | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6470 | −0.112% | $187K | $72K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6471 | −0.102% | $5K | $206K | 10x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Variational Omni RUNE
Extended RUNE-USDShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RUNEUSDT | +0.0140% | 8h | 0.6485 | +0.114% | $1.6M | $809K | 50x | as long as short |
| BingX RUNE-USDT | +0.0155% | 8h | 0.6479 | +0.022% | — | $11.7M | — | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0529% | 1h | 0.6472 | −0.082% | $157K | $312K | 20x | |
| Hyperliquid RUNElong | +0.0889% | 1h | 0.6478 | long leg | $2.0M | $1.3M | 5x | |
| Coinbase International RUNE-PERP-INTX | +0.1000% | 1h | 0.6509 | +0.485% | $37K | $28K | 25x | as long as short |
| dYdX RUNE-USD | +0.1156% | 1h | 0.6468 | −0.148% | $27K | $32K | 5x | as long as short |
Bitget RUNEUSDT
BingX RUNE-USDT
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD