Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

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: Bybit against BingX+0.077%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1061.059% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.077%, 7d avg −0.017%

Together, before fees−0.124%−$12 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: Bybit is 0.094% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6524	0.0100	pay 0.0100% / 8h	9m 46s	—	$59.1M	—
Short	Bybit RUNEUSDT	0.6529	0.0100	get 0.0100% / 8h	9m 46s	$2.8M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → −0.017%: $9.39
Slippage, 4 orders: −$84.9
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.5
Costs to cover: 1.059%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 2 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, 4 min ago	5.43 bp	20.3 bp −$20	57.2 bp −$572	346.1 bp −$34.6K	482.7 bp −$241.3K
Sell Bybit live order book, 2 min ago	3.87 bp	34.4 bp −$34	77.0 bp −$770	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	−0.0366%	1h	0.6486	−0.582%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0024%	1h	0.6477	−0.720%	$42K	$28K	25x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−5.656%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6529	+0.074%	$5.0M	$11.0M	75x	as long as short
Bybit RUNEUSDTshort	+0.0100%	8h	0.6529	+0.077%	$2.8M	$1.9M	75x
Gate RUNE_USDT	+0.0100%	8h	0.6489	−0.536%	$667K	$318K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6524	0.000%	$3.4M	$1.9M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6532	+0.123%	$907K	$212K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6552	+0.429%	$1.6M	$561K	50x	as long as short
BingX RUNE-USDTlong	+0.0100%	8h	0.6524	long leg	—	$59.1M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6459	−0.995%	$127K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6490	−0.526%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0107%	8h	0.6472	−0.797%	$459K	$162K	75x	as long as short
Hyperliquid RUNE	+0.1160%	1h	0.6549	+0.385%	$1.8M	$938K	5x	as long as short
dYdX RUNE-USD	+0.1298%	1h	0.6539	+0.224%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1675%	1h	0.6503	−0.325%	$192K	$230K	20x	as long as short