Funding you earn now, next payment 09:00 UTC+0.1150%/8h= +126.0% APRnext payment +$1.44 per $10,000 · paid last 24h +0.209%
Price spread now: Hyperliquid against Extended+0.197%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$910.911% of the position
Funding, last 7 days+0.255%+$26 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.197%, 7d avg +0.170%
=Together, before fees+0.272%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Hyperliquid is 0.026% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.170%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.255% in total (about 13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.44 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 | Extended RUNE-USD | 0.6504 | 0.0104 | pay 0.0013% / 1h | 13m 21s | $7K | $213K | 10x |
| Short | Hyperliquid RUNE | 0.6517 | 0.1254 | get 0.0157% / 1h | 13m 21s | $2.0M | $1.3M | 5x |
Extended RUNE-USD
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $241.58
- Price spread: +0.197% → +0.170%
- $2.62
- Slippage, 4 orders
- −$77.07
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $153.13
- Costs to cover
- 0.911%
- Break-even
- 2.6 days
Slippage from Extended: live order book, 18 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 Extended live order book, 18 min ago | 4.63 bp | 25.0 bp −$25 | 265.6 bp −$2,656 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.48 bp | 10.8 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −5.370% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0094% | 8h | 0.6494 | −0.158% | $328K | $212K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6505 | +0.015% | $5.2M | $16.8M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6508 | +0.057% | $3.0M | $3.0M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6518 | +0.211% | $682K | $385K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6503 | −0.020% | $3.9M | $3.9M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6505 | +0.011% | $1.0M | $367K | 50x | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6476 | −0.434% | $188K | $71K | — | as long as short |
| Extended RUNE-USDlong | +0.0104% | 1h | 0.6504 | long leg | $7K | $213K | 10x | |
| BingX RUNE-USDT | +0.0181% | 8h | 0.6508 | +0.057% | — | $3.9M | — | as long as short |
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Variational Omni RUNE
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RUNEUSDT | +0.0191% | 8h | 0.6515 | +0.164% | $1.6M | $802K | 50x | as long as short |
| dYdX RUNE-USD | +0.0333% | 1h | 0.6497 | −0.109% | $28K | $32K | 5x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0518% | 1h | 0.6513 | +0.134% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.1160% | 1h | 0.6523 | +0.287% | $37K | $29K | 25x | as long as short |
| Hyperliquid RUNEshort | +0.1254% | 1h | 0.6517 | +0.197% | $2.0M | $1.3M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.1649% | 1h | 0.6517 | +0.190% | $152K | $313K | 20x | as long as short |
Bitget RUNEUSDT
dYdX RUNE-USD
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD