Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against BloFin−0.111%112s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.015% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.111%, 7d avg −0.028%
=Funding pays, the price is against you. Bybit is 0.083% cheaper against BloFin than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.028%). If the spread goes back, that is −$8 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.028% in total) that is about 21 days. The two prices were read 112 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 | BloFin RUNE-USDT | 0.6332 | 0.0073 | pay 0.0073% / 8h | 3h 11m | $438K | $197K | 75x |
| Short | Bybit RUNEUSDT | 0.6325 | 0.0100 | get 0.0100% / 8h | 3h 11m | $2.8M | $2.8M | 75x |
BloFin RUNE-USDT
Bybit RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- $5.64
- Price spread: −0.111% → −0.028%
- −$8.29
- Slippage, 4 orders
- −$78.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$104.2
- Costs to cover
- 1.015%
- Break-even
- 136.4 days
Slippage from BloFin: live order book, 11 min ago; Bybit: live order book, 1 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, 11 min ago | 2.37 bp | 20.5 bp −$21 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.79 bp | 34.7 bp −$35 | 66.8 bp −$668 | 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 | 0.0000% | 1h | 0.6322 | −0.158% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.795% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDTlong | +0.0073% | 8h | 0.6332 | long leg | $438K | $197K | 75x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6320 | −0.190% | $4.8M | $15.9M | 75x | as long as short |
| Bybit RUNEUSDTshort | +0.0100% | 8h | 0.6325 | −0.111% | $2.8M | $2.8M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6327 | −0.079% | $627K | $370K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6324 | −0.126% | $3.4M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6325 | −0.111% | $976K | $361K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6332 | 0.000% | $1.5M | $775K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6323 | −0.142% | — | $58.9M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
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 | 0.6333 | +0.022% | $186K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6318 | −0.219% | $4K | $169K | 10x | as long as short |
| dYdX RUNE-USD | +0.0356% | 1h | 0.6326 | −0.088% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +0.995% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0955% | 1h | 0.6327 | −0.075% | $165K | $310K | 20x | as long as short |
| Hyperliquid RUNE | +0.1613% | 1h | 0.6330 | −0.025% | $1.8M | $1.1M | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD
Hyperliquid RUNE