Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit−0.301%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1231.228% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.311%+$31 · spread now −0.301%, 7d avg +0.019%

Together, before fees+0.358%+$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: BingX is 0.321% cheaper against Bybit than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RUNEUSDT	0.6640	0.0100	pay 0.0100% / 8h	7h 17m	$3.0M	$2.2M	75x
Short	BingX RUNE-USDT	0.6620	0.0100	get 0.0100% / 8h	7h 17m	—	$59.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.301%Rate

Funding earned: $0
Price spread: −0.301% → +0.019%: −$32.06
Slippage, 4 orders: −$101.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$154.88
Costs to cover: 1.228%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 6 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 Bybit live order book, 5 min ago	4.49 bp	39.7 bp −$40	73.0 bp −$730	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	6.74 bp	23.2 bp −$23	52.1 bp −$521	326.4 bp −$32.6K	493.6 bp −$246.8K

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	0.6640	0.000%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−7.304%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6707	+1.009%	$40K	$32K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6641	+0.013%	$5.3M	$13.2M	75x	as long as short
Bybit RUNEUSDTlong	+0.0100%	8h	0.6640	long leg	$3.0M	$2.2M	75x
Gate RUNE_USDT	+0.0100%	8h	0.6643	+0.045%	$669K	$355K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6618	−0.331%	$3.3M	$2.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6637	−0.045%	$940K	$253K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6631	−0.136%	$1.6M	$661K	50x	as long as short
BingX RUNE-USDTshort	+0.0100%	8h	0.6620	−0.301%	—	$59.0M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6670	+0.458%	$159K	$34K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6631	−0.138%	$4K	$171K	10x	as long as short
BloFin RUNE-USDT	+0.0119%	8h	0.6595	−0.678%	$474K	$190K	75x	as long as short
Kraken Futures PF_RUNEUSD	+0.0590%	1h	0.6667	+0.405%	$197K	$244K	20x	as long as short
dYdX RUNE-USD	+0.0682%	1h	0.6627	−0.197%	$56K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1078%	1h	0.6642	+0.026%	$1.8M	$987K	5x	as long as short