Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.058%

Price spread now: Coinbase International against BloFin+0.188%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.188% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RUNE-USDT	0.6394	0.0124	pay 0.0124% / 8h	2h 28m	$446K	$150K	75x
Short	Coinbase International RUNE-PERP-INTX	0.6406	0.0368	get 0.0046% / 1h	28m 33s	$38K	$16K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.188%Rate

Funding earned: $51.22
Price spread: +0.188% → 0.000%: $18.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $47.98
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: BloFin: live order book, 57 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 57 min ago	6.32 bp	18.6 bp −$19	48.8 bp −$488	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit RUNE_USDC-PERPETUAL	−0.1468%	1h	0.6392	−0.031%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.738%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6402	+0.130%	$4.7M	$9.8M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6395	+0.016%	$2.7M	$1.5M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6399	+0.078%	$659K	$290K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6401	+0.109%	$3.1M	$1.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6396	+0.031%	$912K	$190K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6407	+0.203%	$1.6M	$467K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6396	+0.031%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6379	−0.231%	$126K	$9K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6398	+0.062%	$4K	$170K	10x	as long as short
BloFin RUNE-USDTlong	+0.0124%	8h	0.6394	long leg	$446K	$150K	75x
Coinbase International RUNE-PERP-INTXshort	+0.0368%	1h	0.6406	+0.188%	$38K	$16K	25x
Hyperliquid RUNE	+0.0407%	1h	0.6412	+0.278%	$1.7M	$857K	5x	as long as short
dYdX RUNE-USD	+0.1617%	1h	0.6397	+0.052%	$54K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2397%	1h	0.6409	+0.230%	$177K	$214K	20x	as long as short