Funding you earn now, next payment 21:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h +0.010%
Price spread now: Coinbase International against Hyperliquid+0.351%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Coinbase International is 0.351% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.351% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 31 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RUNE | 0.6402 | 0.0405 | pay 0.0051% / 1h | 23m 51s | $1.7M | $858K | 5x |
| Short | Coinbase International RUNE-PERP-INTX | 0.6425 | 0.0368 | get 0.0046% / 1h | 23m 51s | $38K | $16K | 25x |
Hyperliquid RUNE
Coinbase International RUNE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$7.87
- Price spread: +0.351% → 0.000%
- $35.14
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $8.27
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 7 min ago; Coinbase International: no order-book sample. 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 Hyperliquid live order book, 7 min ago | 3.59 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | −0.1780% | 1h | 0.6390 | −0.195% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.866% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6385 | −0.266% | $4.7M | $9.8M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6382 | −0.320% | $2.7M | $1.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6401 | −0.023% | $659K | $291K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6386 | −0.258% | $3.1M | $1.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6393 | −0.148% | $912K | $190K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6391 | −0.180% | $1.6M | $470K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6392 | −0.164% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6401 | −0.019% | $126K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
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 | 0.6386 | −0.262% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0112% | 8h | 0.6404 | +0.023% | $447K | $153K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTXshort | +0.0368% | 1h | 0.6425 | +0.351% | $38K | $16K | 25x | |
| Hyperliquid RUNElong | +0.0405% | 1h | 0.6402 | long leg | $1.7M | $858K | 5x | |
| dYdX RUNE-USD | +0.1767% | 1h | 0.6405 | +0.037% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2398% | 1h | 0.6406 | +0.047% | $177K | $214K | 20x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD