Funding you earn now, next payment 02:00 UTC+0.0779%/8h= +85.3% APRpaid last 24h +0.091%
Price spread now: Hyperliquid against MEXC+0.470%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as 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−0.425%−$43 · spread now +0.470%, 7d avg +0.113%
=Together, before fees−0.274%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Hyperliquid is 0.357% dearer against MEXC than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.113%.
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 | MEXC RUNE_USDT | 0.6385 | 0.0100 | pay 0.0100% / 8h | 6h 46m | $3.6M | $3.0M | 125x |
| Short | Hyperliquid RUNE | 0.6415 | 0.0879 | get 0.0110% / 1h | 46m 23s | $1.8M | $1.0M | 5x |
MEXC RUNE_USDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $163.64
- Price spread: +0.470% → +0.113%
- $35.7
- Slippage, 4 orders
- −$48.68
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $137.66
- Costs to cover
- 0.617%
- Break-even
- 1.1 days
Slippage from MEXC: live order book, 6 min ago; Hyperliquid: live order book, 4 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 MEXC live order book, 6 min ago | 2.27 bp | 7.7 bp −$8 | 32.1 bp −$321 | 109.9 bp −$11.0K | 225.3 bp −$112.7K |
| Sell Hyperliquid live order book, 4 min ago | 3.79 bp | 24.0 bp −$24 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | −0.0062% | 1h | 0.6399 | +0.219% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.602% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6380 | −0.073% | $5.1M | $14.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6398 | +0.204% | $2.9M | $2.4M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6392 | +0.110% | $644K | $351K | 50x | as long as short |
| MEXC RUNE_USDTlong | +0.0100% | 8h | 0.6385 | long leg | $3.6M | $3.0M | 125x | |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6408 | +0.360% | $905K | $276K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6401 | +0.251% | $1.6M | $707K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6387 | +0.031% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6415 | +0.462% | $156K | $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 | 0.6379 | −0.094% | $4K | $165K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6566 | +2.835% | $39K | $32K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0127% | 8h | 0.6537 | +2.381% | $478K | $193K | 75x | as long as short |
| Hyperliquid RUNEshort | +0.0879% | 1h | 0.6415 | +0.470% | $1.8M | $1.0M | 5x | |
| dYdX RUNE-USD | +0.0906% | 1h | 0.6424 | +0.604% | $55K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1746% | 1h | 0.6398 | +0.200% | $184K | $274K | 20x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD