Funding you earn now, next payment 23:00 UTC+0.0663%/8h= +72.6% APRpaid last 24h +0.056%
Price spread now: Hyperliquid against Binance+0.119%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$810.813% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.119%, 7d avg +0.116%
=Together, before fees+0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.116%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% 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 | Binance RUNEUSDT | 0.6447 | 0.0100 | pay 0.0100% / 8h | 1h 33m | $4.8M | $10.3M | 75x |
| Short | Hyperliquid RUNE | 0.6454 | 0.0763 | get 0.0095% / 1h | 33m 13s | $1.7M | $867K | 5x |
Binance RUNEUSDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $139.21
- Price spread: +0.119% → +0.116%
- $0.36
- Slippage, 4 orders
- −$62.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $58.23
- Costs to cover
- 0.813%
- Break-even
- 4.1 days
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 7 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 Binance live order book, 7 min ago | 0.78 bp | 18.9 bp −$19 | 69.9 bp −$699 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 2.32 bp | 21.6 bp −$22 | 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 | −0.1298% | 1h | 0.6450 | +0.051% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.525% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6447 | long leg | $4.8M | $10.3M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6439 | −0.120% | $2.7M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6451 | +0.067% | $663K | $298K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6448 | +0.020% | $3.5M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6444 | −0.042% | $908K | $200K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6448 | +0.020% | $1.6M | $498K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6451 | +0.067% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6445 | −0.023% | $127K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDT | +0.0104% | 8h | 0.6446 | −0.011% | $451K | $157K | 75x | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6447 | 0.000% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6465 | +0.284% | $37K | $18K | 25x | as long as short |
| Hyperliquid RUNEshort | +0.0763% | 1h | 0.6454 | +0.119% | $1.7M | $867K | 5x | |
| dYdX RUNE-USD | +0.1305% | 1h | 0.6453 | +0.099% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2124% | 1h | 0.6452 | +0.083% | $178K | $218K | 20x | as long as short |
BloFin RUNE-USDT
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD