Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.039%
Price spread now: Injective against Bybit−4.692%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.692% cheaper against Bybit than usual: you would sell low and buy high (−$469 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RUNEUSDT | 0.6458 | 0.0100 | pay 0.0100% / 8h | 54m 46s | $2.7M | $1.7M | 75x |
| Short | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | get 0.0004% / 1h | 54m 46s | $7 | $24 | 12x |
Bybit RUNEUSDT
Injective RUNE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: −4.692% → 0.000%
- −$469.19
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$494.21
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Injective: 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, 2 min ago | 3.89 bp | 35.8 bp −$36 | 68.5 bp −$685 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0836% | 1h | 0.6440 | −0.279% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6438 | −0.310% | $37K | $18K | 25x | as long as short |
| Injective RUNE/USDC PERPshort | +0.0033% | 1h | 0.6155 | −4.692% | $7 | $24 | 12x | |
| BloFin RUNE-USDT | +0.0073% | 8h | 0.6440 | −0.279% | $451K | $160K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6461 | +0.046% | $4.9M | $10.6M | 75x | as long as short |
| Bybit RUNEUSDTlong | +0.0100% | 8h | 0.6458 | long leg | $2.7M | $1.7M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6441 | −0.263% | $666K | $308K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6445 | −0.201% | $3.4M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6436 | −0.341% | $906K | $210K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6452 | −0.093% | $1.6M | $520K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
Binance RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0100% | 8h | 0.6443 | −0.232% | — | $59.2M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6418 | −0.617% | $127K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6439 | −0.287% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNE | +0.0775% | 1h | 0.6459 | +0.022% | $1.7M | $896K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1688% | 1h | 0.6451 | −0.115% | $190K | $228K | 20x | as long as short |
| dYdX RUNE-USD | +0.1997% | 1h | 0.6465 | +0.102% | $55K | $4K | 5x | as long as short |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
Hyperliquid RUNE
Kraken Futures PF_RUNEUSD
dYdX RUNE-USD