Funding you earn now, next payment 05:00 UTC+0.0842%/8h= +92.2% APRnext payment +$1.05 per $10,000 · paid last 24h +0.088%
Price spread now: Hyperliquid against Coinbase International−0.306%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Hyperliquid is 0.306% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.306% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 29 hours of funding at the current rate (+$25 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RUNE-PERP-INTX | 0.6337 | 0.0624 | pay 0.0078% / 1h | 16m 30s | $37K | $30K | 25x |
| Short | Hyperliquid RUNE | 0.6318 | 0.1466 | get 0.0183% / 1h | 16m 30s | $1.8M | $1.2M | 5x |
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $176.73
- Price spread: −0.306% → 0.000%
- −$30.61
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $127.11
- Costs to cover
- 0.190%
- Break-even
- 2.0 days
Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 4 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 2.85 bp | 27.6 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.872% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0084% | 8h | 0.6322 | −0.237% | $431K | $209K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6311 | −0.410% | $4.8M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6306 | −0.489% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6307 | −0.473% | $625K | $368K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6309 | −0.442% | $3.4M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6312 | −0.395% | $971K | $364K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6320 | −0.268% | $1.5M | $783K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6312 | −0.395% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6299 | −0.601% | $185K | $67K | — | as long as short |
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6307 | −0.470% | $6K | $153K | 10x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0225% | 1h | 0.6317 | −0.316% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTXlong | +0.0624% | 1h | 0.6337 | long leg | $37K | $30K | 25x | |
| dYdX RUNE-USD | +0.0776% | 1h | 0.6299 | −0.604% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0824% | 1h | 0.6318 | −0.297% | $156K | $308K | 20x | as long as short |
| Hyperliquid RUNEshort | +0.1466% | 1h | 0.6318 | −0.306% | $1.8M | $1.2M | 5x |
Extended RUNE-USD
Deribit RUNE_USDC-PERPETUAL
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD