Funding you earn now, next payment 00:00 UTC−0.1038%/8h= −113.6% APRpaid last 24h −0.064%
Price spread now: Bitget against Hyperliquid−0.108%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as 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+0.036%+$4 · spread now −0.108%, 7d avg −0.080%
=Together, before fees−0.022%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Bitget is 0.028% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
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 | Hyperliquid RUNE | 0.6596 | 0.1138 | pay 0.0142% / 1h | 2m 57s | $1.8M | $944K | 5x |
| Short | Bitget RUNEUSDT | 0.6589 | 0.0100 | get 0.0100% / 8h | 2m 57s | $1.6M | $569K | 50x |
Hyperliquid RUNE
Bitget RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$217.96
- Price spread: −0.108% → −0.080%
- −$2.75
- Slippage, 4 orders
- −$93.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$335.46
- Costs to cover
- 1.147%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 4 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, 8 min ago | 3.38 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.82 bp | 28.5 bp −$28 | 148.1 bp −$1,481 | 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 | −0.0509% | 1h | 0.6586 | −0.153% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6610 | +0.211% | $42K | $29K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.687% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6587 | −0.143% | $5.1M | $11.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6588 | −0.123% | $3.0M | $1.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6593 | −0.047% | $676K | $323K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6580 | −0.244% | $3.5M | $2.0M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6583 | −0.199% | $914K | $215K | 50x | as long as short |
| Bitget RUNEUSDTshort | +0.0100% | 8h | 0.6589 | −0.108% | $1.6M | $569K | 50x | |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6583 | −0.199% | — | $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 | −0.962% | $129K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6580 | −0.245% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0111% | 8h | 0.6579 | −0.259% | $456K | $183K | 75x | as long as short |
| Hyperliquid RUNElong | +0.1138% | 1h | 0.6596 | long leg | $1.8M | $944K | 5x | |
| dYdX RUNE-USD | +0.1257% | 1h | 0.6589 | −0.107% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1653% | 1h | 0.6588 | −0.120% | $194K | $231K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD