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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.106%7-day average +0.061% · 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−$108as in the Price arb table
costs, in and out, $10k−$1121.125% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.075%+$7 on $10k
Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.106%, 7d avg +0.061%
Together, before fees−0.253%−$25 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: Gate is 0.044% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RUNEUSDT0.64480.0100pay 0.0100% / 8h1h 54m$4.8M$10.2M75x
ShortGate RUNE_USDT0.64550.0100get 0.0100% / 8h1h 54m$664K$295K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.106% → +0.061%
$4.44
Slippage, 4 orders
−$87.46
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$108.02
Costs to cover
1.125%
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; Gate: live order book, 27 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, 15 min ago1.58 bp18.9 bp −$1966.7 bp −$667doesn't fitdoesn't fit
Sell Gate live order book, 27 min ago5.47 bp41.5 bp −$42doesn't fitdoesn'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−0.1452%1h0.6452+0.059%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−4.547%$7$2412xas long as short
Binance RUNEUSDTlong+0.0100%8h0.6448long leg$4.8M$10.2M75x
Bybit RUNEUSDT+0.0100%8h0.6450+0.028%$2.8M$1.6M75xas long as short
Gate RUNE_USDTshort+0.0100%8h0.6455+0.106%$664K$295K50x
MEXC RUNE_USDT+0.0100%8h0.6441−0.111%$3.4M$1.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6445−0.049%$904K$195K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6451+0.044%$1.6M$485K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6448−0.003%$59.1Mas long as short
Variational Omni RUNE+0.0100%8h0.6422−0.407%$126K$9Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6452+0.058%$4K$170K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0112%1h0.6444−0.065%$38K$16K25xas long as short
BloFin RUNE-USDT+0.0123%8h0.6450+0.028%$443K$156K75xas long as short
Hyperliquid RUNE+0.0524%1h0.6460+0.189%$1.7M$863K5xas long as short
Kraken Futures PF_RUNEUSD+0.2124%1h0.6451+0.044%$178K$214K20xas long as short
dYdX RUNE-USD+0.2610%1h0.6456+0.119%$55K$4K5xas long as short