Funding you earn now, next payment 22:00 UTC−0.0468%/8h= −51.3% APRpaid last 24h −0.049%
Price spread now: KuCoin against Hyperliquid−0.294%7-day average −0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1581.584% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now −0.294%, 7d avg −0.183%
=Together, before fees−0.184%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.111% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.183%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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 | 0.6355 | 0.0568 | pay 0.0071% / 1h | 3m 37s | $1.6M | $858K | 5x |
| Short | KuCoin RUNEUSDTM | 0.6336 | 0.0100 | get 0.0100% / 8h | 2h 03m | $903K | $190K | 50x |
Hyperliquid RUNE
KuCoin RUNEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$98.32
- Price spread: −0.294% → −0.183%
- −$11.13
- Slippage, 4 orders
- −$137.45
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$267.9
- Costs to cover
- 1.584%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 11 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 | 1.96 bp | 17.6 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 7.09 bp | 60.3 bp −$60 | 161.8 bp −$1,618 | 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 | −0.1326% | 1h | 0.6335 | −0.310% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.143% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6336 | −0.298% | $4.7M | $9.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6336 | −0.294% | $2.7M | $1.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6341 | −0.216% | $653K | $293K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6334 | −0.326% | $3.1M | $1.5M | 125x | as long as short |
| KuCoin RUNEUSDTMshort | +0.0100% | 8h | 0.6336 | −0.294% | $903K | $190K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6354 | −0.011% | $1.6M | $473K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6339 | −0.247% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6344 | −0.165% | $125K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
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 | 0.6336 | −0.296% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0126% | 8h | 0.6329 | −0.404% | $449K | $152K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0368% | 1h | 0.6382 | +0.430% | $38K | $16K | 25x | as long as short |
| Hyperliquid RUNElong | +0.0568% | 1h | 0.6355 | long leg | $1.6M | $858K | 5x | |
| dYdX RUNE-USD | +0.1891% | 1h | 0.6339 | −0.251% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2418% | 1h | 0.6353 | −0.027% | $176K | $214K | 20x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD