Funding you earn now, next payment 08:00 UTC−0.1329%/8h= −145.5% APRpaid last 24h −0.194%
Price spread now: KuCoin against Hyperliquid−0.072%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now −0.072%, 7d avg −0.173%
=Together, before fees−0.410%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.102% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.173%): +$10 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.191% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -9.9% 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 | 0.6404 | 0.1429 | pay 0.0179% / 1h | 15m 32s | $1.8M | $1.1M | 5x |
| Short | KuCoin RUNEUSDTM | 0.6399 | 0.0100 | get 0.0100% / 8h | 15m 32s | $991K | $361K | 50x |
Hyperliquid RUNE
KuCoin RUNEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$279.02
- Price spread: −0.072% → −0.173%
- $10.15
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$289.87
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; KuCoin: live order book, 69 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, 5 min ago | 2.34 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 69 min ago | 7.06 bp | 38.7 bp −$39 | 223.9 bp −$2,239 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.882% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6398 | −0.087% | $5.0M | $16.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6396 | −0.119% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6407 | +0.053% | $667K | $390K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6403 | −0.009% | $3.9M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTMshort | +0.0100% | 8h | 0.6399 | −0.072% | $991K | $361K | 50x | |
| Variational Omni RUNE | +0.0100% | 8h | 0.6394 | −0.150% | $185K | $70K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6397 | −0.099% | $8K | $210K | 10x | as long as short |
| BingX RUNE-USDT | +0.0106% | 8h | 0.6402 | −0.025% | — | $58.7M | — | as long as short |
| BloFin RUNE-USDT | +0.0108% | 8h | 0.6401 | −0.041% | $444K | $210K | 75x | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
Variational Omni RUNE
Extended RUNE-USD
BingX RUNE-USDT
BloFin RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RUNEUSDT | +0.0113% | 8h | 0.6411 | +0.116% | $1.6M | $776K | 50x | as long as short |
| dYdX RUNE-USD | +0.0370% | 1h | 0.6386 | −0.276% | $27K | $32K | 5x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0532% | 1h | 0.6399 | −0.072% | — | — | 10x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0766% | 1h | 0.6403 | −0.011% | $148K | $314K | 20x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.1024% | 1h | 0.6425 | +0.334% | $37K | $30K | 25x | as long as short |
| Hyperliquid RUNElong | +0.1429% | 1h | 0.6404 | long leg | $1.8M | $1.1M | 5x |
Bitget RUNEUSDT
dYdX RUNE-USD
Deribit RUNE_USDC-PERPETUAL
Kraken Futures PF_RUNEUSD
Coinbase International RUNE-PERP-INTX