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: Variational Omni against BingX−0.182%7-day average −0.085% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.182%, 7d avg −0.085%

Together, before fees+0.252%+ Points / potential airdropVariational Omni: Active · farm board+$25 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: Variational Omni is 0.097% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6458	0.0100	pay 0.0100% / 8h	33m 11s	—	$59.1M	—
Short	Variational Omni RUNE	0.6446	0.0100	get 0.0100% / 8h	33m 11s	$127K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.182%Rate

Funding earned: $0
Price spread: −0.182% → −0.085%: −$9.7
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 6 min ago; Variational Omni: RFQ quote, 46 min ago. 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, 6 min ago	4.64 bp	21.6 bp −$22	49.4 bp −$494	319.6 bp −$32.0K	428.1 bp −$214.0K
Sell Variational Omni RFQ quote, 46 min ago	7.03 bp	doesn't fit	63.3 bp −$633	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	−0.0523%	1h	0.6462	+0.062%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0024%	1h	0.6468	+0.155%	$42K	$28K	25x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.692%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6454	−0.064%	$4.9M	$10.8M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6454	−0.062%	$2.7M	$1.7M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6456	−0.031%	$665K	$313K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6462	+0.062%	$3.3M	$1.8M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6456	−0.031%	$897K	$211K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6458	0.000%	$1.6M	$537K	50x	as long as short
BingX RUNE-USDTlong	+0.0100%	8h	0.6458	long leg	—	$59.1M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNEshort	+0.0100%	8h	0.6446	−0.182%	$127K	$8K	—
Extended RUNE-USD	+0.0104%	1h	0.6449	−0.135%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0111%	8h	0.6451	−0.108%	$453K	$161K	75x	as long as short
Hyperliquid RUNE	+0.1050%	1h	0.6471	+0.206%	$1.7M	$907K	5x	as long as short
dYdX RUNE-USD	+0.1404%	1h	0.6449	−0.136%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1683%	1h	0.6470	+0.193%	$190K	$230K	20x	as long as short