Funding you earn now, next payment 02:00 UTC−0.0808%/8h= −88.5% APRpaid last 24h −0.091%
Price spread now: MEXC against Hyperliquid−0.455%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days+0.410%+$41 · spread now −0.455%, 7d avg −0.113%
=Together, before fees+0.259%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and MEXC is 0.342% cheaper against Hyperliquid than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% 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 | 0.6439 | 0.0908 | pay 0.0113% / 1h | 46m 41s | $1.8M | $1.0M | 5x |
| Short | MEXC RUNE_USDT | 0.6410 | 0.0100 | get 0.0100% / 8h | 6h 46m | $3.6M | $3.0M | 125x |
Hyperliquid RUNE
MEXC RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$169.66
- Price spread: −0.455% → −0.113%
- −$34.22
- Slippage, 4 orders
- −$48.68
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$265.56
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; MEXC: live order book, 5 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, 4 min ago | 3.79 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.27 bp | 7.9 bp −$8 | 38.0 bp −$380 | 112.5 bp −$11.2K | 226.8 bp −$113.4K |
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 | −0.0062% | 1h | 0.6414 | −0.393% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.415% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6413 | −0.403% | $5.1M | $14.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6409 | −0.471% | $2.9M | $2.4M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6440 | +0.011% | $649K | $351K | 50x | as long as short |
| MEXC RUNE_USDTshort | +0.0100% | 8h | 0.6410 | −0.455% | $3.6M | $3.0M | 125x | |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6419 | −0.315% | $905K | $276K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6422 | −0.269% | $1.6M | $706K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6412 | −0.424% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6603 | +2.550% | $160K | $37K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6407 | −0.494% | $4K | $165K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6566 | +1.968% | $39K | $32K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0127% | 8h | 0.6537 | +1.517% | $478K | $193K | 75x | as long as short |
| dYdX RUNE-USD | +0.0906% | 1h | 0.6424 | −0.245% | $55K | $5K | 5x | as long as short |
| Hyperliquid RUNElong | +0.0908% | 1h | 0.6439 | long leg | $1.8M | $1.0M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.1735% | 1h | 0.6437 | −0.038% | $185K | $274K | 20x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD