Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0924%/8h= +101.2% APRpaid last 24h +0.088%

Price spread now: Coinbase International against Binance+0.283%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Coinbase International is 0.283% dearer against Binance than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RUNEUSDT	0.6407	0.0100	pay 0.0100% / 8h	1m 48s	$5.1M	$16.4M	75x
Short	Coinbase International RUNE-PERP-INTX	0.6425	0.1024	get 0.0128% / 1h	1m 48s	$37K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.283%Rate

Funding earned: $194.04
Price spread: +0.283% → 0.000%: $28.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $202.37
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 9 min ago; Coinbase International: no order-book sample. Net counts fees only.

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 Binance live order book, 9 min ago	0.78 bp	17.0 bp −$17	59.2 bp −$592	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.931%	$7	$14	12x	as long as short
BloFin RUNE-USDT	+0.0094%	8h	0.6404	−0.044%	$444K	$209K	75x	as long as short
Binance RUNEUSDTlong	+0.0100%	8h	0.6407	long leg	$5.1M	$16.4M	75x
Bybit RUNEUSDT	+0.0100%	8h	0.6404	−0.044%	$2.9M	$2.9M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6413	+0.096%	$667K	$391K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6404	−0.044%	$3.9M	$3.8M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6411	+0.065%	$993K	$363K	50x	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6397	−0.152%	$185K	$70K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6402	−0.073%	$8K	$208K	10x	as long as short
Bitget RUNEUSDT	+0.0136%	8h	0.6418	+0.174%	$1.6M	$779K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0136%	8h	0.6406	−0.013%	—	$3.9M	—	as long as short
Deribit RUNE_USDC-PERPETUAL	+0.0375%	1h	0.6409	+0.034%	—	—	10x	as long as short
dYdX RUNE-USD	+0.0654%	1h	0.6397	−0.159%	$27K	$32K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0765%	1h	0.6412	+0.080%	$148K	$313K	20x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.1024%	1h	0.6425	+0.283%	$37K	$30K	25x
Hyperliquid RUNE	+0.1482%	1h	0.6416	+0.143%	$1.8M	$1.2M	5x	as long as short