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: Gate against Bybit+0.016%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1941.937% 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 4 days (all we have)−0.242%−$24 · spread now +0.016%, 7d avg +0.060%
Together, before fees−0.194%−$19 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: Gate is 0.044% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RUNEUSDT0.63700.0100pay 0.0100% / 8h4h 30m$2.9M$2.8M75x
ShortGate RUNE_USDT0.63710.0100get 0.0100% / 8h4h 30m$632K$369K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.016% → +0.060%
−$4.44
Slippage, 4 orders
−$167.69
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$198.13
Costs to cover
1.937%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 26 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, 2 min ago5.50 bp32.8 bp −$3362.6 bp −$626doesn't fitdoesn't fit
Sell Gate live order book, 26 min ago3.94 bp60.5 bp −$61doesn't fitdoesn'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%1h0.63700.000%10xas long as short
dYdX RUNE-USD+0.0005%1h0.6350−0.316%$27K$32K5xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.375%$7$1412xas long as short
BloFin RUNE-USDT+0.0098%8h0.6372+0.031%$447K$195K75xas long as short
Binance RUNEUSDT+0.0100%8h0.63700.000%$4.9M$15.8M75xas long as short
Bybit RUNEUSDTlong+0.0100%8h0.6370long leg$2.9M$2.8M75x
Gate RUNE_USDTshort+0.0100%8h0.6371+0.016%$632K$369K50x
MEXC RUNE_USDT+0.0100%8h0.6373+0.047%$3.5M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6357−0.204%$913K$336K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6377+0.110%$1.6M$778K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RUNE-USDT+0.0100%8h0.63700.000%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6360−0.151%$187K$67Kas long as short
Extended RUNE-USD+0.0104%1h0.6369−0.012%$4K$167K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0680%1h0.6386+0.251%$37K$30K25xas long as short
Kraken Futures PF_RUNEUSD+0.0984%1h0.6373+0.049%$180K$289K20xas long as short
Hyperliquid RUNE+0.1723%1h0.6380+0.162%$1.8M$1.1M5xas long as short