Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
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: Bitget against Bybit+0.191%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
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−0.210%−$21 · spread now +0.191%, 7d avg +0.043%
Together, before fees−0.163%−$16 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: Bitget is 0.148% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RUNEUSDT0.62900.0100pay 0.0100% / 8h2h 42m$2.8M$2.9M75x
ShortBitget RUNEUSDT0.63020.0100get 0.0100% / 8h2h 42m$1.5M$782K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.191% → +0.043%
$14.76
Slippage, 4 orders
−$92.39
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$100.63
Costs to cover
1.154%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago2.38 bp34.6 bp −$3569.3 bp −$693doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago2.38 bp26.0 bp −$26100.7 bp −$1,007doesn'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-PERPETUAL0.0000%1h0.6297+0.111%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.146%$7$1412xas long as short
BloFin RUNE-USDT+0.0089%8h0.6294+0.064%$434K$208K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6290+0.001%$4.8M$16.1M75xas long as short
Bybit RUNEUSDTlong+0.0100%8h0.6290long leg$2.8M$2.9M75x
Gate RUNE_USDT+0.0100%8h0.6295+0.079%$624K$366K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6284−0.095%$3.4M$3.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6293+0.048%$970K$363K50xas long as short
Bitget RUNEUSDTshort+0.0100%8h0.6302+0.191%$1.5M$782K50x
BingX RUNE-USDT+0.0100%8h0.6288−0.032%$58.7Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6303+0.205%$185K$67Kas long as short
Extended RUNE-USD+0.0104%1h0.6288−0.025%$4K$154K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0624%1h0.6395+1.669%$38K$30K25xas long as short
Kraken Futures PF_RUNEUSD+0.0826%1h0.6302+0.187%$162K$313K20xas long as short
dYdX RUNE-USD+0.0861%1h0.6289−0.020%$27K$32K5xas long as short
Hyperliquid RUNE+0.1517%1h0.6302+0.194%$1.8M$1.1M5xas long as short