Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.047%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1071.067% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 7 days−0.050%−$5 · spread now +0.047%, 7d avg −0.006%
Together, before fees−0.033%−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.053% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RUNEUSDT0.63470.0100pay 0.0100% / 8h2h 00m$4.9M$16.2M75x
ShortBybit RUNEUSDT0.63500.0100get 0.0100% / 8h2h 00m$2.9M$2.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.047% → −0.006%
$5.33
Slippage, 4 orders
−$85.7
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$101.37
Costs to cover
1.067%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago1.58 bp16.1 bp −$1658.0 bp −$580doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago2.36 bp35.7 bp −$3667.8 bp −$678doesn't fitdoesn't fit

RUNE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUAL0.0000%1h0.63470.000%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.025%$7$1412xas long as short
Binance RUNEUSDTlong+0.0100%8h0.6347long leg$4.9M$16.2M75x
Bybit RUNEUSDTshort+0.0100%8h0.6350+0.047%$2.9M$2.9M75x
Gate RUNE_USDT+0.0100%8h0.6351+0.063%$629K$369K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.63470.000%$3.5M$3.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6354+0.110%$980K$366K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6354+0.110%$1.5M$786K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6351+0.063%$58.7Mas long as short
Variational Omni RUNE+0.0100%8h0.6352+0.076%$183K$69Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6347+0.004%$4K$156K10xas long as short
BloFin RUNE-USDT+0.0121%8h0.6341−0.095%$431K$210K75xas long as short
Coinbase International RUNE-PERP-INTX+0.0624%1h0.6374+0.425%$37K$30K25xas long as short
dYdX RUNE-USD+0.0712%1h0.6345−0.026%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSD+0.0820%1h0.6347+0.007%$154K$307K20xas long as short
Hyperliquid RUNE+0.1467%1h0.6360+0.199%$1.8M$1.2M5xas long as short