RUNE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against BloFin+0.093%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1041.035% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.093%, 7d avg +0.029%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.064% dearer against BloFin than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.029%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RUNE-USDT	0.6426	0.0110	pay 0.0110% / 8h	57m 06s	$449K	$160K	75x
Short	Bitget RUNEUSDT	0.6432	0.0100	get 0.0100% / 8h	57m 06s	$1.6M	$526K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee BitgetbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$2.18
Price spread: +0.093% → +0.029%: $6.45
Slippage, 4 orders: −$79.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.26
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from BloFin: live order book, 19 min ago; Bitget: live order book, 5 min ago.

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 BloFin live order book, 19 min ago	1.56 bp	17.6 bp −$18	46.9 bp −$469	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.67 bp	34.5 bp −$34	162.9 bp −$1,629	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	−0.0838%	1h	0.6427	+0.016%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0024%	1h	0.6438	+0.187%	$37K	$18K	25x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.217%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6425	−0.014%	$4.8M	$10.6M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6418	−0.124%	$2.7M	$1.7M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6419	−0.109%	$663K	$307K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6423	−0.047%	$3.4M	$1.7M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6418	−0.124%	$903K	$210K	50x	as long as short
Bitget RUNEUSDTshort	+0.0100%	8h	0.6432	+0.093%	$1.6M	$526K	50x
BingX RUNE-USDT	+0.0100%	8h	0.6425	−0.016%	—	$59.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6417	−0.146%	$126K	$9K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6419	−0.111%	$4K	$170K	10x	as long as short
BloFin RUNE-USDTlong	+0.0110%	8h	0.6426	long leg	$449K	$160K	75x
Hyperliquid RUNE	+0.0582%	1h	0.6441	+0.237%	$1.7M	$889K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1692%	1h	0.6437	+0.163%	$190K	$229K	20x	as long as short
dYdX RUNE-USD	+0.2351%	1h	0.6413	−0.201%	$55K	$4K	5x	as long as short