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Funding arb · Price arb /

RUNE

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h —
Price spread now: Deribit against Bybit+0.136%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 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
The price spread pays, funding is against you. Deribit is 0.136% dearer against Bybit than usual: you sell high and buy low (spread +0.136% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 36 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RUNEUSDT0.66110.0100pay 0.0100% / 8h7h 39m$2.9M$2.1M75x
ShortDeribit RUNE_USDC-PERPETUAL0.6620−0.0203pay 0.0025% / 1h39m 56s——10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
−$63.62
Price spread: +0.136% → 0.000%
$13.61
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$68.01
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago6.80 bp38.6 bp −$3970.4 bp −$704doesn't fitdoesn't fit
Sell Deribit no order-book sample—————
Deribit: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUALshort−0.0203%1h0.6620+0.136%——10x
Injective RUNE/USDC PERP+0.0033%1h0.6155−6.898%$7$1412xas long as short
Coinbase International RUNE-PERP-INTX+0.0056%1h0.6684+1.104%$40K$32K25xas long as short
BloFin RUNE-USDT+0.0090%8h0.6602−0.136%$473K$186K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6610−0.015%$5.2M$12.4M75xas long as short
Bybit RUNEUSDTlong+0.0100%8h0.6611long leg$2.9M$2.1M75x
Gate RUNE_USDT+0.0100%8h0.6617+0.091%$669K$340K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.66110.000%$3.7M$2.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6617+0.091%$937K$236K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6623+0.182%$1.6M$631K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RUNE-USDT+0.0100%8h0.6618+0.106%—$59.2M—as long as short
Variational Omni RUNE+0.0100%8h0.6608−0.038%$130K$7K—as long as short
Extended RUNE-USD+0.0104%1h0.6608−0.040%$4K$169K10xas long as short
dYdX RUNE-USD+0.0447%1h0.6615+0.067%$56K$5K5xas long as short
Kraken Futures PF_RUNEUSD+0.0593%1h0.6627+0.239%$196K$238K20xas long as short
Hyperliquid RUNE+0.0996%1h0.6628+0.259%$1.8M$974K5xas long as short