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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit−0.053%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1211.206% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.053%, 7d avg −0.031%
Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 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: Extended is 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RUNEUSDT0.62880.0100pay 0.0100% / 8h2h 38m$2.8M$2.9M75x
ShortExtended RUNE-USD0.62850.0104get 0.0013% / 1h38m 29s$4K$154K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.053% → −0.031%
−$2.22
Slippage, 4 orders
−$104.58
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$121.96
Costs to cover
1.206%
Break-even
1023.4 days
Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 7 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, 4 min ago2.38 bp35.1 bp −$3565.0 bp −$650doesn't fitdoesn't fit
Sell Extended live order book, 7 min ago5.24 bp24.8 bp −$25243.7 bp −$2,437doesn'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%1h0.6285−0.048%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.115%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6292+0.071%$4.8M$16.1M75xas long as short
Bybit RUNEUSDTlong+0.0100%8h0.6288long leg$2.8M$2.9M75x
Gate RUNE_USDT+0.0100%8h0.6289+0.016%$623K$367K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6290+0.032%$3.4M$3.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6295+0.111%$969K$364K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6291+0.048%$1.5M$782K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6293+0.080%$58.7Mas long as short
Variational Omni RUNE+0.0100%8h0.6291+0.047%$185K$67Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDshort+0.0104%1h0.6285−0.053%$4K$154K10x
BloFin RUNE-USDT+0.0114%8h0.6277−0.175%$434K$207K75xas long as short
Coinbase International RUNE-PERP-INTX+0.0624%1h0.6395+1.702%$38K$30K25xas long as short
dYdX RUNE-USD+0.0787%1h0.6280−0.135%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSD+0.0828%1h0.6291+0.052%$161K$312K20xas long as short
Hyperliquid RUNE+0.1463%1h0.6305+0.274%$1.8M$1.1M5xas long as short