Funding you earn now, next payment 01:00 UTC+0.1008%/8h= +110.4% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against Gate+0.127%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1281.283% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.127%, 7d avg +0.080%
=Together, before fees+0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.080%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% 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 | Gate RUNE_USDT | 0.6615 | 0.0100 | pay 0.0100% / 8h | 7h 13m | $666K | $356K | 50x |
| Short | Hyperliquid RUNE | 0.6623 | 0.1108 | get 0.0139% / 1h | 13m 19s | $1.8M | $997K | 5x |
Gate RUNE_USDT
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $211.7
- Price spread: +0.127% → +0.080%
- $4.71
- Slippage, 4 orders
- −$104.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $88.06
- Costs to cover
- 1.283%
- Break-even
- 4.1 days
Slippage from Gate: live order book, 58 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 Gate live order book, 58 min ago | 3.09 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 5.16 bp | 19.9 bp −$20 | 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 | −0.0203% | 1h | 0.6622 | +0.106% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.954% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6707 | +1.391% | $40K | $32K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0092% | 8h | 0.6652 | +0.559% | $486K | $193K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6612 | −0.043% | $5.2M | $13.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6617 | +0.030% | $3.0M | $2.2M | 75x | as long as short |
| Gate RUNE_USDTlong | +0.0100% | 8h | 0.6615 | long leg | $666K | $356K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6605 | −0.151% | $3.3M | $2.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6605 | −0.151% | $935K | $255K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6624 | +0.136% | $1.6M | $661K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0100% | 8h | 0.6614 | −0.015% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6628 | +0.204% | $158K | $34K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6612 | −0.044% | $4K | $171K | 10x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0592% | 1h | 0.6637 | +0.335% | $197K | $246K | 20x | as long as short |
| dYdX RUNE-USD | +0.0734% | 1h | 0.6630 | +0.225% | $56K | $5K | 5x | as long as short |
| Hyperliquid RUNEshort | +0.1108% | 1h | 0.6623 | +0.127% | $1.8M | $997K | 5x |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD