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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.066%
Price spread now: Coinbase International against BingX+0.836%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 0.836% dearer against BingX than usual: you sell high and buy low: +$84 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RUNE-USDT0.63420.0100pay 0.0100% / 8h3h 31m$58.9M
ShortCoinbase International RUNE-PERP-INTX0.63950.0680get 0.0085% / 1h31m 29s$38K$30K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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
$121.8
Price spread: +0.836% → 0.000%
$83.57
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$185.37
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: BingX: live order book, 7 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago3.94 bp20.2 bp −$2047.5 bp −$475370.6 bp −$37.1K504.6 bp −$252.3K
Sell Coinbase International no order-book sample
Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.949%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6340−0.037%$4.8M$15.9M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6352+0.158%$2.9M$2.8M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6343+0.016%$628K$369K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6350+0.126%$3.4M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6345+0.047%$979K$360K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6356+0.221%$1.5M$775K50xas long as short
BingX RUNE-USDTlong+0.0100%8h0.6342long leg$58.9M
Variational Omni RUNE+0.0100%8h0.6342+0.006%$187K$67Kas long as short
Extended RUNE-USD+0.0104%1h0.6337−0.076%$4K$169K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0121%8h0.6351+0.142%$442K$193K75xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0223%1h0.6348+0.095%10xas long as short
dYdX RUNE-USD+0.0376%1h0.6336−0.089%$27K$32K5xas long as short
Coinbase International RUNE-PERP-INTXshort+0.0680%1h0.6395+0.836%$38K$30K25x
Kraken Futures PF_RUNEUSD+0.0951%1h0.6351+0.138%$166K$310K20xas long as short
Hyperliquid RUNE+0.1627%1h0.6360+0.289%$1.8M$1.1M5xas long as short