Funding you earn now, next payment 02:00 UTC−0.0521%/8h= −57.0% APRnext payment −$0.65 per $10,000 · paid last 24h —
Price spread now: Deribit against Hyperliquid−0.283%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 0.283% cheaper against Hyperliquid than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RUNE | 0.6352 | 0.0745 | pay 0.0093% / 1h | 23m 26s | $1.7M | $1.1M | 5x |
| Short | Deribit RUNE_USDC-PERPETUAL | 0.6334 | 0.0224 | get 0.0028% / 1h | 23m 26s | — | — | 10x |
Hyperliquid RUNE
Deribit RUNE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$109.34
- Price spread: −0.283% → 0.000%
- −$28.34
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$153.68
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Deribit: 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 | 10.34 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 15 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 | −3.101% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6341 | −0.173% | $4.9M | $14.8M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6340 | −0.189% | $2.9M | $2.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6337 | −0.236% | $638K | $371K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6340 | −0.189% | $3.8M | $3.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6345 | −0.110% | $897K | $314K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6352 | 0.000% | $1.6M | $752K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6343 | −0.142% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6335 | −0.268% | $186K | $69K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6338 | −0.215% | $4K | $164K | 10x | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6368 | +0.252% | $38K | $31K | 25x | as long as short |
| Deribit RUNE_USDC-PERPETUALshort | +0.0224% | 1h | 0.6334 | −0.283% | — | — | 10x | |
| dYdX RUNE-USD | +0.0671% | 1h | 0.6329 | −0.366% | $54K | $5K | 5x | as long as short |
| Hyperliquid RUNElong | +0.0745% | 1h | 0.6352 | long leg | $1.7M | $1.1M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.1756% | 1h | 0.6359 | +0.113% | $183K | $282K | 20x | as long as short |
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD