RUNE arbitrage between HyperLiquid and Binance: we compare the price of RUNE on HyperLiquid (futures) and Binance (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About THORChain

THORChain is the first decentralized exchange (DEX) to swap Bitcoin, and other UTXO chains, with Ethereum, and other EVM chains. All without using wrapped tokens. THORChain currently supports swapping between 10 different blockchains. Assets available to swap on THORChain include the following: Bitcoin (BTC) Ethereum (ETH) Tether (USDT) BNB (BNB) XRPL (XRP) USDC (USDC) Tron (TRX) Dogecoin (DOGE) Bitcoin Cash (BCH) Wrapped Bitcoin (WBTC) Chainlink (LINK) Litecoin (LTC) Dai (DAI) Avalanche (AVAX) Aave (AAVE) Cosmos (ATOM)

Decentralized Exchange (DEX), Infrastructure, Smart Contract Platform, Exchange-based Tokens

RUNE: Binance — deposit closed, withdrawal closed.

Open interest in RUNE right now — $11.4M: Binance $2.8M, BingX $2.7M, Bybit $2.1M, HyperLiquid $1.4M, KuCoin $1.3M. See OI RUNE.

About RUNE arbitrage

How do I read the RUNE spread?

The spread is how many percent higher RUNE trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get RUNE alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.