Funding you earn now, next payment 22:00 UTC+0.0449%/8h= +49.1% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against KuCoin+0.173%7-day average +0.183% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as 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)+0.260%+$26 · spread now +0.173%, 7d avg +0.183%
=Together, before fees+0.305%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.183%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
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 | KuCoin RUNEUSDTM | 0.6341 | 0.0100 | pay 0.0100% / 8h | 2h 05m | $904K | $190K | 50x |
| Short | Hyperliquid RUNE | 0.6352 | 0.0549 | get 0.0069% / 1h | 5m 38s | $1.6M | $858K | 5x |
KuCoin RUNEUSDTM
Hyperliquid RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $94.25
- Price spread: +0.173% → +0.183%
- −$0.95
- Slippage, 4 orders
- −$137.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$65.15
- Costs to cover
- 1.584%
- Break-even
- 11.8 days
Slippage from KuCoin: live order book, 9 min ago; Hyperliquid: live order book, 5 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 KuCoin live order book, 9 min ago | 7.09 bp | 59.9 bp −$60 | 229.6 bp −$2,296 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.96 bp | 20.7 bp −$21 | 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 | −0.1794% | 1h | 0.6348 | +0.110% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.933% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0084% | 8h | 0.6365 | +0.378% | $452K | $153K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6338 | −0.043% | $4.7M | $9.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6336 | −0.079% | $2.7M | $1.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6341 | 0.000% | $653K | $293K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6339 | −0.032% | $3.1M | $1.5M | 125x | as long as short |
| KuCoin RUNEUSDTMlong | +0.0100% | 8h | 0.6341 | long leg | $904K | $190K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6338 | −0.047% | $1.5M | $473K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6343 | +0.032% | — | $59.1M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
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 | 0.6335 | −0.089% | $125K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6337 | −0.068% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0368% | 1h | 0.6382 | +0.647% | $38K | $16K | 25x | as long as short |
| Hyperliquid RUNEshort | +0.0549% | 1h | 0.6352 | +0.173% | $1.6M | $858K | 5x | |
| dYdX RUNE-USD | +0.1864% | 1h | 0.6338 | −0.042% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2413% | 1h | 0.6366 | +0.393% | $176K | $214K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD