Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

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: Variational Omni against Binance+0.202%7-day average −0.047% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.202%, 7d avg −0.047%

Together, before fees−0.148%+ Points / potential airdropVariational Omni: Active · farm board−$15 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: Variational Omni is 0.249% dearer against Binance than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RUNEUSDT	0.6595	0.0100	pay 0.0100% / 8h	7h 41m	$5.2M	$12.4M	75x
Short	Variational Omni RUNE	0.6608	0.0100	get 0.0100% / 8h	7h 41m	$130K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → −0.047%: $24.85
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $14.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 33 min ago. 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	1.51 bp	17.6 bp −$18	59.2 bp −$592	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 33 min ago	5.43 bp	doesn't fit	67.4 bp −$674	doesn't fit	doesn't fit

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	−0.0204%	1h	0.6600	+0.073%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.674%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6684	+1.347%	$40K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0090%	8h	0.6602	+0.103%	$473K	$186K	75x	as long as short
Binance RUNEUSDTlong	+0.0100%	8h	0.6595	long leg	$5.2M	$12.4M	75x
Bybit RUNEUSDT	+0.0100%	8h	0.6597	+0.028%	$2.9M	$2.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6612	+0.255%	$668K	$340K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6595	−0.003%	$3.7M	$2.4M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6605	+0.149%	$935K	$236K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6603	+0.118%	$1.6M	$631K	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	+0.0100%	8h	0.6598	+0.043%	—	$59.2M	—	as long as short
Variational Omni RUNEshort	+0.0100%	8h	0.6608	+0.202%	$130K	$7K	—
Extended RUNE-USD	+0.0104%	1h	0.6594	−0.021%	$4K	$169K	10x	as long as short
dYdX RUNE-USD	+0.0472%	1h	0.6615	+0.306%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0594%	1h	0.6619	+0.361%	$196K	$237K	20x	as long as short
Hyperliquid RUNE	+0.0978%	1h	0.6607	+0.173%	$1.8M	$973K	5x	as long as short