Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1611%/8h= +176.4% APRpaid last 24h +0.815%

Price spread now: dYdX against Bybit−0.073%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.976%+$198 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.073% cheaper against Bybit than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$48 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RUNEUSDT	0.6413	0.0100	pay 0.0100% / 8h	2h 26m	$2.7M	$1.5M	75x
Short	dYdX RUNE-USD	0.6408	0.1711	get 0.0214% / 1h	26m 20s	$55K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $338.34
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: $310.02
Costs to cover: 0.210%
Break-even: 0.6 days

Slippage unknown: Bybit: live order book, 1 min ago; dYdX: 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 Bybit live order book, 1 min ago	3.90 bp	20.2 bp −$20	69.0 bp −$690	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1305%	1h	0.6420	+0.109%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.023%	$7	$24	12x	as long as short
BloFin RUNE-USDT	+0.0084%	8h	0.6419	+0.094%	$448K	$151K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6417	+0.059%	$4.8M	$9.8M	75x	as long as short
Bybit RUNEUSDTlong	+0.0100%	8h	0.6413	long leg	$2.7M	$1.5M	75x
Gate RUNE_USDT	+0.0100%	8h	0.6414	+0.016%	$661K	$291K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6411	−0.031%	$3.1M	$1.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6411	−0.031%	$914K	$190K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6419	+0.094%	$1.6M	$468K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6412	−0.016%	—	$59.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6379	−0.527%	$126K	$9K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6416	+0.048%	$4K	$170K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0368%	1h	0.6406	−0.109%	$38K	$16K	25x	as long as short
Hyperliquid RUNE	+0.0415%	1h	0.6422	+0.139%	$1.7M	$857K	5x	as long as short
dYdX RUNE-USDshort	+0.1711%	1h	0.6408	−0.073%	$55K	$4K	5x
Kraken Futures PF_RUNEUSD	+0.2389%	1h	0.6432	+0.290%	$178K	$214K	20x	as long as short