Funding you earn now, next payment 07:00 UTC−0.1516%/8h= −166.0% APRnext payment −$1.90 per $10,000 · paid last 24h −0.142%
Price spread now: Injective against Hyperliquid−2.766%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.274%−$27 on $10k
+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 −$45 a day on $10k at the current rate, and Injective is 2.766% cheaper against Hyperliquid than usual: you would sell low and buy high (−$277 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.274% in total (about -14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 per $10,000. 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 | 0.6330 | 0.1550 | pay 0.0194% / 1h | 34m 54s | $1.8M | $1.2M | 5x |
| Short | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | get 0.0004% / 1h | 34m 54s | $7 | $14 | 12x |
Hyperliquid RUNE
Injective RUNE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$318.45
- Price spread: −2.766% → 0.000%
- −$276.61
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$604.08
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Injective: 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, 6 min ago | 1.11 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.0000% | 1h | 0.6327 | −0.049% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERPshort | +0.0033% | 1h | 0.6155 | −2.766% | $7 | $14 | 12x | |
| BloFin RUNE-USDT | +0.0079% | 8h | 0.6323 | −0.112% | $434K | $205K | 75x | as long as short |
| dYdX RUNE-USD | +0.0089% | 1h | 0.6321 | −0.146% | $27K | $32K | 5x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6322 | −0.128% | $4.9M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6324 | −0.096% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6326 | −0.065% | $626K | $365K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6321 | −0.144% | $3.4M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6321 | −0.144% | $974K | $364K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6331 | +0.014% | $1.5M | $787K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
BloFin RUNE-USDT
dYdX RUNE-USD
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
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 | 0.6322 | −0.128% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6321 | −0.138% | $183K | $70K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6323 | −0.120% | $8K | $142K | 10x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0862% | 1h | 0.6322 | −0.130% | $152K | $309K | 20x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0864% | 1h | 0.6361 | +0.488% | $37K | $29K | 25x | as long as short |
| Hyperliquid RUNElong | +0.1550% | 1h | 0.6330 | long leg | $1.8M | $1.2M | 5x |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
Kraken Futures PF_RUNEUSD
Coinbase International RUNE-PERP-INTX