Funding you earn now, next payment 09:00 UTC−0.1320%/8h= −144.5% APRpaid last 24h −0.210%
Price spread now: MEXC against Hyperliquid−0.072%7-day average −0.118% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.072%, 7d avg −0.118%
=Together, before fees−0.242%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.046% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.118%): +$5 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.265% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% 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 | 0.6418 | 0.1420 | pay 0.0177% / 1h | 45m 56s | $1.8M | $1.2M | 5x |
| Short | MEXC RUNE_USDT | 0.6413 | 0.0100 | get 0.0100% / 8h | 7h 45m | $3.9M | $3.8M | 125x |
Hyperliquid RUNE
MEXC RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$277.15
- Price spread: −0.072% → −0.118%
- $4.6
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$285.55
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; MEXC: live order book, 1 min ago. 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, 5 min ago | 0.78 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.56 bp | 7.6 bp −$8 | 20.5 bp −$205 | 106.8 bp −$10.7K | 239.4 bp −$119.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.092% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0062% | 1h | 0.6414 | −0.056% | — | — | 10x | as long as short |
| BloFin RUNE-USDT | +0.0094% | 8h | 0.6420 | +0.037% | $329K | $210K | 75x | as long as short |
| dYdX RUNE-USD | +0.0094% | 1h | 0.6409 | −0.127% | $27K | $32K | 5x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6414 | −0.060% | $5.1M | $16.5M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6410 | −0.118% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6424 | +0.100% | $673K | $380K | 50x | as long as short |
| MEXC RUNE_USDTshort | +0.0100% | 8h | 0.6413 | −0.072% | $3.9M | $3.8M | 125x | |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6416 | −0.025% | $994K | $365K | 50x | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6412 | −0.080% | $185K | $70K | — | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
BloFin RUNE-USDT
dYdX RUNE-USD
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
KuCoin RUNEUSDTM
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 | 0.6412 | −0.090% | $4K | $212K | 10x | as long as short |
| BingX RUNE-USDT | +0.0160% | 8h | 0.6415 | −0.041% | — | $3.9M | — | as long as short |
| Bitget RUNEUSDT | +0.0163% | 8h | 0.6417 | −0.009% | $1.5M | $795K | 50x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.1160% | 1h | 0.6446 | +0.443% | $37K | $30K | 25x | as long as short |
| Hyperliquid RUNElong | +0.1420% | 1h | 0.6418 | long leg | $1.8M | $1.2M | 5x | |
| Kraken Futures PF_RUNEUSD | +0.1673% | 1h | 0.6422 | +0.071% | $150K | $313K | 20x | as long as short |
Extended RUNE-USD
BingX RUNE-USDT
Bitget RUNEUSDT
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD