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 Bitget−0.099%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1091.093% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 4 days (all we have)+0.418%+$42 · spread now −0.099%, 7d avg −0.079%
Together, before fees+0.362%+ Points / potential airdropExtended: Active · farm board+$36 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 0.020% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RUNEUSDT0.63440.0100pay 0.0100% / 8h2h 57m$1.5M$460K50x
ShortExtended RUNE-USD0.63380.0104get 0.0013% / 1h57m 10s$4K$170K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.099% → −0.079%
−$2.03
Slippage, 4 orders
−$92.28
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$110.47
Costs to cover
1.093%
Break-even
927.6 days
Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 29 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, 5 min ago5.55 bp29.2 bp −$29100.1 bp −$1,001doesn't fitdoesn't fit
Sell Extended live order book, 29 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−0.0695%1h0.6342−0.032%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.979%$7$2412xas long as short
Binance RUNEUSDT+0.0100%8h0.6339−0.079%$4.6M$9.5M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6338−0.095%$2.7M$1.5M75xas long as short
Gate RUNE_USDT+0.0100%8h0.63440.000%$653K$284K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6340−0.063%$2.6M$1.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6342−0.032%$904K$191K50xas long as short
Bitget RUNEUSDTlong+0.0100%8h0.6344long leg$1.5M$460K50x
BingX RUNE-USDT+0.0100%8h0.6342−0.032%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6306−0.605%$124K$9Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDshort+0.0104%1h0.6338−0.099%$4K$170K10x
BloFin RUNE-USDT+0.0126%8h0.6350+0.095%$443K$128K75xas long as short
Hyperliquid RUNE+0.0258%1h0.6345+0.009%$1.6M$861K5xas long as short
Coinbase International RUNE-PERP-INTX+0.0368%1h0.6365+0.331%$38K$16K25xas long as short
dYdX RUNE-USD+0.1703%1h0.6337−0.111%$54K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2418%1h0.6355+0.166%$176K$213K20xas long as short