Funding you earn now, next payment 00:00 UTC+0.1048%/8h= +114.8% APRpaid last 24h +0.064%
Price spread now: Hyperliquid against Bitget+0.003%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now +0.003%, 7d avg +0.080%
=Together, before fees+0.127%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.077% cheaper against Bitget than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.080%). If the spread goes back, that is −$8 on $10k: about 6 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.058% in total) that is about 9.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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 | Bitget RUNEUSDT | 0.6597 | 0.0100 | pay 0.0100% / 8h | 3m 44s | $1.6M | $569K | 50x |
| Short | Hyperliquid RUNE | 0.6597 | 0.1148 | get 0.0144% / 1h | 3m 44s | $1.8M | $943K | 5x |
Bitget RUNEUSDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $220.1
- Price spread: +0.003% → +0.080%
- −$7.71
- Slippage, 4 orders
- −$93.75
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $97.65
- Costs to cover
- 1.147%
- Break-even
- 3.9 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 3.82 bp | 29.6 bp −$30 | 165.4 bp −$1,654 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 3.38 bp | 28.9 bp −$29 | 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 | 0.0000% | 1h | 0.6601 | +0.061% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6575 | −0.333% | $42K | $29K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.700% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6592 | −0.083% | $5.1M | $11.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6593 | −0.061% | $3.0M | $1.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6600 | +0.045% | $676K | $323K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6590 | −0.106% | $3.5M | $2.0M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6595 | −0.030% | $916K | $215K | 50x | as long as short |
| Bitget RUNEUSDTlong | +0.0100% | 8h | 0.6597 | long leg | $1.6M | $569K | 50x | |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6596 | −0.015% | — | $59.1M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
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 | 0.6533 | −0.976% | $129K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6590 | −0.102% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0109% | 8h | 0.6558 | −0.591% | $456K | $165K | 75x | as long as short |
| Hyperliquid RUNEshort | +0.1148% | 1h | 0.6597 | +0.003% | $1.8M | $943K | 5x | |
| dYdX RUNE-USD | +0.1257% | 1h | 0.6589 | −0.121% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1647% | 1h | 0.6613 | +0.246% | $195K | $231K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD