Funding you earn now, next payment 01:00 UTC+0.0407%/8h= +44.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.035%
Price spread now: Hyperliquid against Kraken Futures+0.071%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1291.293% of the position
Funding, last 7 days+0.671%+$67 on $10k
+Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.071%, 7d avg −0.039%
=Together, before fees+0.502%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.110% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RUNEUSD | 0.6586 | 0.0597 | pay 0.0075% / 1h | 34m 18s | $195K | $239K | 20x |
| Short | Hyperliquid RUNE | 0.6590 | 0.1004 | get 0.0125% / 1h | 34m 18s | $1.8M | $969K | 5x |
Kraken Futures PF_RUNEUSD
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- $85.5
- Price spread: +0.071% → −0.039%
- $11.01
- Slippage, 4 orders
- −$110.31
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$32.8
- Costs to cover
- 1.293%
- Break-even
- 9.7 days
Slippage from Kraken Futures: live order book, 38 min ago; Hyperliquid: live order book, 6 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 Kraken Futures live order book, 38 min ago | 11.58 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 3.32 bp | 15.3 bp −$15 | 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 | −0.0661% | 1h | 0.6578 | −0.116% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.539% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6607 | +0.324% | $39K | $32K | 25x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6573 | −0.196% | $5.2M | $12.6M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6581 | −0.070% | $2.9M | $2.1M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6587 | +0.021% | $666K | $343K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6572 | −0.207% | $3.6M | $2.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6586 | +0.006% | $928K | $237K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6581 | −0.070% | $1.6M | $632K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6581 | −0.070% | — | $59.0M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6563 | −0.344% | $129K | $7K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6576 | −0.153% | $4K | $167K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0120% | 8h | 0.6586 | +0.006% | $485K | $187K | 75x | as long as short |
| dYdX RUNE-USD | +0.0484% | 1h | 0.6573 | −0.193% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0597% | 1h | 0.6586 | long leg | $195K | $239K | 20x | |
| Hyperliquid RUNEshort | +0.1004% | 1h | 0.6590 | +0.071% | $1.8M | $969K | 5x |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD