Funding you earn now, next payment 01:00 UTC−0.1002%/8h= −109.8% APRpaid last 24h −0.076%
Price spread now: Gate against Hyperliquid−0.144%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as 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)−0.052%−$5 · spread now −0.144%, 7d avg −0.080%
=Together, before fees−0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Gate is 0.064% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 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 -0.070% 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 | Hyperliquid RUNE | 0.6660 | 0.1102 | pay 0.0138% / 1h | 14m 12s | $1.8M | $987K | 5x |
| Short | Gate RUNE_USDT | 0.6650 | 0.0100 | get 0.0100% / 8h | 7h 14m | $670K | $356K | 50x |
Hyperliquid RUNE
Gate RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$210.51
- Price spread: −0.144% → −0.080%
- −$6.42
- Slippage, 4 orders
- −$104.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$345.27
- Costs to cover
- 1.283%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Gate: live order book, 57 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, 7 min ago | 5.16 bp | 31.7 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 57 min ago | 3.09 bp | 43.4 bp −$43 | 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 | −0.0352% | 1h | 0.6644 | −0.234% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −7.577% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6707 | +0.712% | $40K | $32K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0092% | 8h | 0.6652 | −0.114% | $486K | $193K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6638 | −0.324% | $5.3M | $13.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6641 | −0.279% | $3.0M | $2.2M | 75x | as long as short |
| Gate RUNE_USDTshort | +0.0100% | 8h | 0.6650 | −0.144% | $670K | $356K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6640 | −0.294% | $3.3M | $2.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6636 | −0.354% | $940K | $255K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6644 | −0.234% | $1.6M | $660K | 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 | 0.6649 | −0.159% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6628 | −0.467% | $158K | $34K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6636 | −0.350% | $4K | $171K | 10x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0590% | 1h | 0.6660 | +0.001% | $197K | $245K | 20x | as long as short |
| dYdX RUNE-USD | +0.0704% | 1h | 0.6630 | −0.446% | $56K | $5K | 5x | as long as short |
| Hyperliquid RUNElong | +0.1102% | 1h | 0.6660 | long leg | $1.8M | $987K | 5x |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD