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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.006%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1011.009% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 4 days (all we have)+0.350%+$35 · spread now +0.006%, 7d avg −0.052%
Together, before fees+0.296%+ Points / potential airdropExtended: Active · farm board+$30 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: Extended is 0.058% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RUNE-USDT0.63680.0100pay 0.0100% / 8h2h 49m$59.0M
ShortExtended RUNE-USD0.63680.0104get 0.0013% / 1h49m 38s$4K$170K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.006% → −0.052%
$5.84
Slippage, 4 orders
−$85.91
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$94.23
Costs to cover
1.009%
Break-even
792.3 days
Slippage from BingX: live order book, 4 min ago; Extended: live order book, 36 min ago.

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, 4 min ago7.10 bp22.6 bp −$2352.1 bp −$521353.5 bp −$35.3K517.8 bp −$258.9K
Sell Extended live order book, 36 min ago3.87 bp24.5 bp −$24209.5 bp −$2,095doesn't fitdoesn't fit

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
Deribit RUNE_USDC-PERPETUAL−0.0849%1h0.6361−0.110%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.345%$7$2412xas long as short
BloFin RUNE-USDT+0.0097%8h0.6349−0.298%$444K$128K75xas long as short
Binance RUNEUSDT+0.0100%8h0.63680.000%$4.7M$9.6M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6365−0.047%$2.7M$1.5M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6370+0.031%$656K$287K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6365−0.047%$2.6M$1.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6364−0.063%$908K$191K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6363−0.079%$1.5M$460K50xas long as short
BingX RUNE-USDTlong+0.0100%8h0.6368long leg$59.0M
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6346−0.353%$125K$9Kas long as short
Extended RUNE-USDshort+0.0104%1h0.6368+0.006%$4K$170K10x
Hyperliquid RUNE+0.0344%1h0.6376+0.129%$1.6M$856K5xas long as short
Coinbase International RUNE-PERP-INTX+0.0368%1h0.6365−0.047%$38K$16K25xas long as short
dYdX RUNE-USD+0.1757%1h0.6354−0.220%$54K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2408%1h0.6380+0.184%$176K$213K20xas long as short