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

RUNE

all RUNE markets
SwapBacktest
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 Bitget−0.205%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1621.619% of the position
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+0.195%+$19 · spread now −0.205%, 7d avg −0.041%
Together, before fees+0.147%+$15 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 0.164% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RUNEUSDT0.63520.0100pay 0.0100% / 8h2h 13m$1.6M$472K50x
ShortBybit RUNEUSDT0.63390.0100get 0.0100% / 8h2h 13m$2.7M$1.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
Price spread: −0.205% → −0.041%
−$16.38
Slippage, 4 orders
−$138.89
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$178.28
Costs to cover
1.619%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 4 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 Bitget live order book, 3 min ago5.48 bp43.6 bp −$44170.1 bp −$1,701doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.35 bp38.5 bp −$3868.1 bp −$681doesn'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−0.1946%1h0.6361+0.142%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.101%$7$2412xas long as short
Binance RUNEUSDT+0.0100%8h0.6344−0.123%$4.7M$9.9M75xas long as short
Bybit RUNEUSDTshort+0.0100%8h0.6339−0.205%$2.7M$1.5M75x
Gate RUNE_USDT+0.0100%8h0.6354+0.031%$654K$292K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6347−0.079%$3.0M$1.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6353+0.016%$906K$190K50xas long as short
Bitget RUNEUSDTlong+0.0100%8h0.6352long leg$1.6M$472K50x
BingX RUNE-USDT+0.0100%8h0.6346−0.094%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6373+0.326%$126K$9Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0101%8h0.6389+0.582%$450K$153K75xas long as short
Extended RUNE-USD+0.0104%1h0.6343−0.137%$4K$170K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0368%1h0.6383+0.488%$38K$16K25xas long as short
Hyperliquid RUNE+0.0486%1h0.6362+0.157%$1.6M$858K5xas long as short
dYdX RUNE-USD+0.1838%1h0.6365+0.210%$54K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2411%1h0.6373+0.333%$176K$214K20xas long as short