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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.052%
Price spread now: Coinbase International against Bitget+0.236%57s7-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 +$8 a day on $10k at the current rate, and Coinbase International is 0.236% dearer against Bitget than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RUNEUSDT0.63500.0100pay 0.0100% / 8h2h 57m$1.5M$460K50x
ShortCoinbase International RUNE-PERP-INTX0.63650.0368get 0.0046% / 1h57m 28s$38K$16K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$56.28
Price spread: +0.236% → 0.000%
$23.62
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$57.9
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago5.55 bp29.2 bp −$29100.1 bp −$1,001doesn't fitdoesn't fit
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
Deribit RUNE_USDC-PERPETUAL−0.0695%1h0.6342−0.126%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.071%$7$2412xas long as short
BloFin RUNE-USDT+0.0095%8h0.6355+0.079%$452K$128K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6338−0.181%$4.6M$9.5M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6338−0.189%$2.7M$1.5M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6344−0.094%$653K$284K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6344−0.094%$2.6M$1.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6345−0.079%$905K$191K50xas long as short
Bitget RUNEUSDTlong+0.0100%8h0.6350long leg$1.5M$460K50x
BingX RUNE-USDT+0.0100%8h0.6342−0.126%$59.0Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6306−0.699%$124K$9Kas long as short
Extended RUNE-USD+0.0104%1h0.6339−0.166%$4K$170K10xas long as short
Hyperliquid RUNE+0.0305%1h0.6354+0.066%$1.6M$861K5xas long as short
Coinbase International RUNE-PERP-INTXshort+0.0368%1h0.6365+0.236%$38K$16K25x
dYdX RUNE-USD+0.1703%1h0.6337−0.206%$54K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2420%1h0.6347−0.040%$175K$213K20xas long as short