Live data
THORChain (RUNE) perpetual futures
Live funding rates, open interest, and measured trade costs for THORChain. 11 venues in the PerpFinder venue map list RUNE perps.
At a glance
This RUNE funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists RUNE.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 10.95% annualizedHyperliquid vs dYdX
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
The executable spread between Hyperliquid and dYdX is 10.95% annualized, from 2 venues that report open interest.
Hyperliquid and dYdX report $957.6k of open interest across the venues in this snapshot that publish it.
The RUNE price in this snapshot comes from Hyperliquid at $0.4869.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. RUNE is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade THORChain (RUNE) Perpetual Futures
9 of the 11 venues that list RUNE perps have a PerpFinder review page. The table compares fees, leverage, and features for those 9.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | RUNE → | |
| 0.010% | 0.050% | 50x | 9.0 | RUNE → | |
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | RUNE → | ||
| 0.010% | 0.035% | 50x | 8.0 | RUNE → | |
| 0.010% | 0.020% | 100x | 7.8 | RUNE → | |
| Free | 0.030% | 50x | 7.8 | RUNE → | |
| -0.010% | 0.017% | 1000x | 7.8 | RUNE → | |
| 0.050% | 0.080% | 20x | 7.5 | RUNE → | |
| Free | 0.040% | 100x | 7.5 | RUNE → | |
Market Overview
THORChain is a decentralized cross-chain liquidity protocol enabling native asset swaps between blockchains like Bitcoin, Ethereum, and Cosmos. RUNE perpetual futures are available on centralized exchanges. RUNE perps are unique in that RUNE serves as the settlement asset in all THORChain pools, making its price directly tied to cross-chain swap volume and TVL.
THORChain requires RUNE to be bonded and pooled against every external asset it bridges, which hardwires the token's value to protocol volume. RUNE perps consequently amplify swings in cross-chain swap activity, and funding can turn sharply around THORChain incident news in either direction.
Trading Tips for THORChain Perps
RUNE price is mechanically linked to THORChain's TVL through the protocol's deterministic value model. Track THORChain swap volume and pool depth — rising cross-chain activity directly increases RUNE demand. RUNE tends to outperform during multi-chain rally periods when users swap between ecosystems.
Frequently Asked Questions — THORChain (RUNE)
What is the current RUNE perpetual futures funding rate?
The live THORChain (RUNE) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists RUNE perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest RUNE perp trading fees?
Among 8 tracked RUNE venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does THORChain open interest compare across exchanges?
The THORChain (RUNE) open-interest chart shows the total value of outstanding RUNE derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the RUNE long/short ratio indicate?
The THORChain long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade RUNE perpetual futures?
THORChain (RUNE) perps are listed on 9 exchanges, including Hyperliquid, dYdX, Gains Network, Bluefin, and SynFutures, plus 4 more. The "Where to Trade THORChain (RUNE) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: DeFi · Data updates every 2 minutes · All rates shown are annualized