Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.035%
Price spread now: Injective against Binance−2.646%77s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.646% cheaper against Binance than usual: you would sell low and buy high (−$265 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RUNEUSDT | 0.6322 | 0.0100 | pay 0.0100% / 8h | 3h 12m | $4.8M | $15.9M | 75x |
| Short | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | get 0.0004% / 1h | 12m 06s | $7 | $14 | 12x |
Binance RUNEUSDT
Injective RUNE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: −2.646% → 0.000%
- −$264.59
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$288.61
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Injective: 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, 14 min ago | 1.58 bp | 17.2 bp −$17 | 60.5 bp −$605 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | 0.0000% | 1h | 0.6325 | +0.043% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERPshort | +0.0033% | 1h | 0.6155 | −2.646% | $7 | $14 | 12x | |
| BloFin RUNE-USDT | +0.0073% | 8h | 0.6332 | +0.154% | $438K | $197K | 75x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6322 | long leg | $4.8M | $15.9M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6325 | +0.043% | $2.8M | $2.8M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6327 | +0.075% | $627K | $370K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6323 | +0.011% | $3.4M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6332 | +0.154% | $977K | $361K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6331 | +0.138% | $1.5M | $775K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6325 | +0.043% | — | $58.9M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
BloFin RUNE-USDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6333 | +0.176% | $186K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6323 | +0.014% | $4K | $169K | 10x | as long as short |
| dYdX RUNE-USD | +0.0363% | 1h | 0.6326 | +0.065% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +1.150% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0955% | 1h | 0.6328 | +0.091% | $165K | $310K | 20x | as long as short |
| Hyperliquid RUNE | +0.1614% | 1h | 0.6333 | +0.163% | $1.8M | $1.1M | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD
Hyperliquid RUNE