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Funding arb · Price arb /

RUNE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.160%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$870.867% of the position
Long on BinanceShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.160%, 7d avg −0.028%
Together, before fees+0.143%+ Points / potential airdropExtended: Active · farm board+$14 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: Extended is 0.132% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RUNEUSDT0.66270.0100pay 0.0100% / 8h7h 17m$5.3M$13.2M75x
ShortExtended RUNE-USD0.66160.0104get 0.0013% / 1h17m 11s$4K$171K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.160% → −0.028%
−$13.19
Slippage, 4 orders
−$71.7
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$99.05
Costs to cover
0.867%
Break-even
832.4 days
Slippage from Binance: live order book, 8 min ago; Extended: live order book, 54 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, 8 min ago1.50 bp15.5 bp −$1660.7 bp −$607doesn't fitdoesn't fit
Sell Extended live order book, 54 min ago5.03 bp25.9 bp −$26202.3 bp −$2,023doesn'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-PERPETUAL−0.0052%1h0.6626−0.014%——10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−7.121%$7$1412xas long as short
Coinbase International RUNE-PERP-INTX+0.0056%1h0.6707+1.209%$40K$32K25xas long as short
Binance RUNEUSDTlong+0.0100%8h0.6627long leg$5.3M$13.2M75x
Bybit RUNEUSDT+0.0100%8h0.6626−0.014%$3.0M$2.2M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6628+0.016%$668K$355K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6627+0.001%$3.3M$2.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6628+0.016%$938K$253K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6622−0.074%$1.6M$661K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6633+0.092%—$59.0M—as long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6670+0.656%$159K$34K—as long as short
Extended RUNE-USDshort+0.0104%1h0.6616−0.160%$4K$171K10x
BloFin RUNE-USDT+0.0128%8h0.6621−0.089%$476K$192K75xas long as short
Kraken Futures PF_RUNEUSD+0.0591%1h0.6648+0.312%$196K$244K20xas long as short
dYdX RUNE-USD+0.0682%1h0.66270.000%$56K$5K5xas long as short
Hyperliquid RUNE+0.1083%1h0.6646+0.284%$1.8M$987K5xas long as short