Funding you earn now, next payment 05:00 UTC+0.1583%/8h= +173.3% APRnext payment +$1.98 per $10,000 · paid last 24h +0.106%
Price spread now: Hyperliquid against Injective+2.676%93s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Hyperliquid is 2.676% dearer against Injective than usual: you sell high and buy low: +$268 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.238% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.98 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 | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | pay 0.0004% / 1h | 1m 40s | $7 | $14 | 12x |
| Short | Hyperliquid RUNE | 0.6320 | 0.1616 | get 0.0202% / 1h | 1m 40s | $1.8M | $1.1M | 5x |
Injective RUNE/USDC PERP
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $332.33
- Price spread: +2.676% → 0.000%
- $267.59
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $590.9
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 9 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 0.40 bp | 26.1 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
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: 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 | 0.6317 | +2.632% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERPlong | +0.0033% | 1h | 0.6155 | long leg | $7 | $14 | 12x | |
| BloFin RUNE-USDT | +0.0090% | 8h | 0.6322 | +2.713% | $433K | $206K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6311 | +2.539% | $4.8M | $16.0M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6317 | +2.632% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6324 | +2.746% | $626K | $371K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6310 | +2.518% | $3.5M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6321 | +2.697% | $975K | $362K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6322 | +2.713% | $1.5M | $776K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6320 | +2.681% | — | $58.9M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6339 | +2.996% | $186K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6310 | +2.522% | $4K | $150K | 10x | as long as short |
| dYdX RUNE-USD | +0.0314% | 1h | 0.6332 | +2.873% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +3.899% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0956% | 1h | 0.6322 | +2.713% | $163K | $312K | 20x | as long as short |
| Hyperliquid RUNEshort | +0.1616% | 1h | 0.6320 | +2.676% | $1.8M | $1.1M | 5x |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD