Funding you earn now, next payment 03:00 UTC−0.1368%/8h= −149.8% APRpaid last 24h −0.101%
Price spread now: Binance against Hyperliquid−0.215%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.215%, 7d avg −0.114%
=Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Binance is 0.101% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.114%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.3% 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 | Hyperliquid RUNE | 0.6313 | 0.1468 | pay 0.0184% / 1h | 39m 16s | $1.7M | $1.0M | 5x |
| Short | Binance RUNEUSDT | 0.6299 | 0.0100 | get 0.0100% / 8h | 5h 39m | $4.8M | $15.3M | 75x |
Hyperliquid RUNE
Binance RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$287.36
- Price spread: −0.215% → −0.114%
- −$10.08
- Slippage, 4 orders
- −$66.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$382.73
- Costs to cover
- 0.853%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; Binance: live order book, 16 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 Hyperliquid live order book, 1 min ago | 2.38 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.80 bp | 20.7 bp −$21 | 59.9 bp −$599 | 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 | 0.6298 | −0.233% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.498% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDTshort | +0.0100% | 8h | 0.6299 | −0.215% | $4.8M | $15.3M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6295 | −0.280% | $2.8M | $2.7M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6300 | −0.201% | $625K | $371K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6295 | −0.280% | $3.6M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6296 | −0.265% | $907K | $329K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6305 | −0.122% | $1.5M | $762K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6298 | −0.233% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6284 | −0.450% | $185K | $67K | — | 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6295 | −0.275% | $4K | $164K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0128% | 8h | 0.6305 | −0.122% | $443K | $191K | 75x | as long as short |
| dYdX RUNE-USD | +0.0235% | 1h | 0.6299 | −0.211% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0504% | 1h | 0.6326 | +0.211% | $37K | $31K | 25x | as long as short |
| Hyperliquid RUNElong | +0.1468% | 1h | 0.6313 | long leg | $1.7M | $1.0M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.2075% | 1h | 0.6306 | −0.102% | $182K | $284K | 20x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD