Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —
Price spread now: Deribit against Bitget−0.048%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.048% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RUNEUSDT | 0.6300 | 0.0100 | pay 0.0100% / 8h | 2h 41m | $1.5M | $782K | 50x |
| Short | Deribit RUNE_USDC-PERPETUAL | 0.6297 | 0 | get 0.0000% / 1h | 41m 25s | — | — | 10x |
Bitget RUNEUSDT
Deribit RUNE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.048% → 0.000%
- −$4.76
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$44.76
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 2.38 bp | 23.5 bp −$23 | 95.5 bp −$955 | doesn't fit | doesn't fit |
| 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 | 0.0000% | 1h | 0.6297 | −0.048% | — | — | 10x | |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.302% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0089% | 8h | 0.6294 | −0.095% | $434K | $208K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6291 | −0.148% | $4.8M | $16.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6290 | −0.159% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6295 | −0.079% | $624K | $366K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6289 | −0.175% | $3.5M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6293 | −0.111% | $970K | $363K | 50x | as long as short |
| Bitget RUNEUSDTlong | +0.0100% | 8h | 0.6300 | long leg | $1.5M | $782K | 50x | |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6299 | −0.016% | — | $58.7M | — | as long as short |
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6303 | +0.046% | $185K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6292 | −0.121% | $4K | $154K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6395 | +1.508% | $38K | $30K | 25x | as long as short |
| dYdX RUNE-USD | +0.0825% | 1h | 0.6289 | −0.179% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0826% | 1h | 0.6302 | +0.028% | $162K | $313K | 20x | as long as short |
| Hyperliquid RUNE | +0.1518% | 1h | 0.6304 | +0.062% | $1.8M | $1.1M | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD
Hyperliquid RUNE