Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1254%/8h= −137.4% APRpaid last 24h −0.036%

Price spread now: Deribit against BingX0.000%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$38 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6399	0.0100	pay 0.0100% / 8h	1h 12m	—	$59.2M	—
Short	Deribit RUNE_USDC-PERPETUAL	0.6399	−0.1154	pay 0.0144% / 1h	12m 03s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee BingXbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$263.44
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$280.44
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; Deribit: 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 BingX live order book, 7 min ago	5.47 bp	20.5 bp −$20	49.0 bp −$490	346.2 bp −$34.6K	509.2 bp −$254.6K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.1154%	1h	0.6399	0.000%	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.813%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6398	−0.020%	$4.8M	$10.5M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6394	−0.078%	$2.7M	$1.6M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6400	+0.016%	$661K	$303K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6399	0.000%	$3.4M	$1.7M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6396	−0.047%	$901K	$203K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6399	0.000%	$1.6M	$512K	50x	as long as short
BingX RUNE-USDTlong	+0.0100%	8h	0.6399	long leg	—	$59.2M	—
Variational Omni RUNE	+0.0100%	8h	0.6413	+0.222%	$126K	$9K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6396	−0.045%	$4K	$170K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0112%	1h	0.6432	+0.516%	$37K	$18K	25x	as long as short
BloFin RUNE-USDT	+0.0124%	8h	0.6388	−0.172%	$449K	$156K	75x	as long as short
Hyperliquid RUNE	+0.0766%	1h	0.6408	+0.133%	$1.7M	$877K	5x	as long as short
dYdX RUNE-USD	+0.1258%	1h	0.6396	−0.043%	$54K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2135%	1h	0.6417	+0.280%	$189K	$228K	20x	as long as short