THORChain
Native BTC swaps without wrapped tokens. RUNE-PERP moves on TVL and swap volume.
0.015%
0.0144% with AWD
0.045%
0.0432% with AWD
1 Hour
vs 8 hours on CEX
4% OFF
With code AWD
Track THORChain daily swap volume and TVL on THORChain.net - when swap volume exceeds $100M/day, RUNE typically rallies 10-15% within the week.
Visit app.hyperliquid.xyz/join/AWD and connect your MetaMask or WalletConnect wallet.
Bridge USDC from Arbitrum to Hyperliquid. The bridge takes 1-5 minutes with minimal fees.
Select RUNE-PERP, set your leverage, and open a position with 4% reduced fees.
RUNE (THORChain) perpetual futures allow traders to speculate on RUNE price movements without holding the actual token. On Hyperliquid, RUNE-PERP trades against USDC with no expiry date, meaning positions can be held indefinitely as long as margin requirements are met.
Hyperliquid offers deep liquidity for RUNE trading with competitive spreads and minimal slippage for most position sizes.
Unlike centralized exchanges, trading RUNE on Hyperliquid requires no KYC verification. Connect any EVM-compatible wallet, bridge USDC from Arbitrum, and start trading with leverage up to 20x. Your funds remain in self-custody throughout - no exchange holds your assets.
Why trade RUNE on Hyperliquid? The only way to trade native BTC swaps without bridges. TVL and volume metrics are fully transparent on-chain.
The funding rate is a periodic payment between long and short traders that keeps perpetual futures prices aligned with the spot market. On Hyperliquid, RUNE funding is calculated and paid every hour - 8x more frequent than most exchanges.
When funding is positive, traders holding long positions pay those holding shorts. When negative, the opposite occurs. Traders can profit from funding by taking positions opposite to market sentiment.
RUNE funding behavior: Moderate. Follows DeFi sentiment but has its own cycles tied to native BTC trading demand.
| Feature | Hyperliquid | Binance | Bybit |
|---|---|---|---|
| Maker Fee | 0.015% (0.0144% w/ AWD) | 0.02% | 0.02% |
| Taker Fee | 0.045% (0.0432% w/ AWD) | 0.04% | 0.055% |
| Type | DEX (Decentralized) | CEX | CEX |
| KYC Required | No | Yes | Yes |
| Self-Custody | Yes | No | No |
| Funding Interval | 1 hour | 8 hours | 8 hours |
Get 4% off all trading fees with referral code AWD. No KYC required, self-custody, and the lowest fees in DeFi.
Trade RUNE on HyperliquidDisclaimer: This site earns commissions from signups using referral code AWD. This is not financial advice. Cryptocurrency trading involves significant risk of loss. Do your own research before trading. Affiliate disclosure · Full disclaimer