Funding you earn now, next payment 02:00 UTC−0.0625%/8h= −68.5% APRpaid last 24h −0.091%
Price spread now: Variational Omni against Hyperliquid−0.224%7-day average −0.185% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)+0.351%+$35 · spread now −0.224%, 7d avg −0.185%
=Together, before fees+0.245%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Variational Omni is 0.039% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.185%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.106% in total (about -11.4% 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 | 0.6349 | 0.0725 | pay 0.0091% / 1h | 25m 29s | $1.7M | $1.1M | 5x |
| Short | Variational Omni RUNE | 0.6335 | 0.0100 | get 0.0100% / 8h | 6h 25m | $186K | $69K | — |
Hyperliquid RUNE
Variational Omni RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$131.35
- Price spread: −0.224% → −0.185%
- −$3.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$144.29
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: RFQ quote, 43 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 | 10.34 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 43 min ago | 7.61 bp | doesn't fit | 62.4 bp −$624 | doesn't fit | doesn't fit |
RUNE on 15 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 | −3.059% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6343 | −0.098% | $4.9M | $14.7M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6344 | −0.082% | $2.9M | $2.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6339 | −0.161% | $638K | $369K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6339 | −0.161% | $3.9M | $3.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6342 | −0.113% | $896K | $312K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6348 | −0.019% | $1.6M | $750K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6331 | −0.287% | — | $59.0M | — | as long as short |
| Variational Omni RUNEshort | +0.0100% | 8h | 0.6335 | −0.224% | $186K | $69K | — | |
| Extended RUNE-USD | +0.0104% | 1h | 0.6324 | −0.391% | $4K | $164K | 10x | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Extended RUNE-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6368 | +0.296% | $38K | $31K | 25x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0224% | 1h | 0.6330 | −0.302% | — | — | 10x | as long as short |
| dYdX RUNE-USD | +0.0615% | 1h | 0.6321 | −0.445% | $54K | $5K | 5x | as long as short |
| Hyperliquid RUNElong | +0.0725% | 1h | 0.6349 | long leg | $1.7M | $1.1M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.1762% | 1h | 0.6338 | −0.175% | $183K | $282K | 20x | as long as short |
Coinbase International RUNE-PERP-INTX
Deribit RUNE_USDC-PERPETUAL
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD