Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against BingX−0.106%51s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.106%, 7d avg −0.004%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.102% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 51 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 | BingX RUNE-USDT | 0.6609 | 0.0100 | pay 0.0100% / 8h | 7h 40m | — | $59.2M | — |
| Short | BloFin RUNE-USDT | 0.6602 | 0.0090 | get 0.0090% / 8h | 7h 40m | $473K | $186K | 75x |
BingX RUNE-USDT
BloFin RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$2.11
- Price spread: −0.106% → −0.004%
- −$10.18
- Slippage, 4 orders
- −$62.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$97.28
- Costs to cover
- 0.850%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 30 min ago.
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 BingX live order book, 8 min ago | 6.07 bp | 24.6 bp −$25 | 45.1 bp −$451 | 322.9 bp −$32.3K | 493.1 bp −$246.5K |
| Sell BloFin live order book, 30 min ago | 3.86 bp | 23.6 bp −$24 | 54.0 bp −$540 | 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 | −0.0203% | 1h | 0.6620 | +0.166% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.869% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6684 | +1.135% | $40K | $32K | 25x | as long as short |
| BloFin RUNE-USDTshort | +0.0090% | 8h | 0.6602 | −0.106% | $473K | $186K | 75x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6615 | +0.097% | $5.2M | $12.4M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6613 | +0.061% | $2.9M | $2.1M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6616 | +0.106% | $669K | $340K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6606 | −0.045% | $3.7M | $2.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6610 | +0.015% | $936K | $236K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6626 | +0.257% | $1.6M | $631K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDTlong | +0.0100% | 8h | 0.6609 | long leg | — | $59.2M | — | |
| Variational Omni RUNE | +0.0100% | 8h | 0.6608 | −0.008% | $130K | $7K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6616 | +0.102% | $4K | $169K | 10x | as long as short |
| dYdX RUNE-USD | +0.0447% | 1h | 0.6615 | +0.097% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0593% | 1h | 0.6627 | +0.270% | $196K | $238K | 20x | as long as short |
| Hyperliquid RUNE | +0.0999% | 1h | 0.6618 | +0.133% | $1.8M | $974K | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD
Hyperliquid RUNE