Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.059%

Price spread now: Binance against Coinbase International+0.133%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 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. Binance is 0.133% dearer against Coinbase International than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RUNE-PERP-INTX	0.6380	0.0368	pay 0.0046% / 1h	45m 12s	$38K	$16K	25x
Short	Binance RUNEUSDT	0.6388	0.0100	get 0.0100% / 8h	2h 45m	$4.7M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.133%Rate

Funding earned: −$56.28
Price spread: +0.133% → 0.000%: $13.26
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$63.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 9 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.58 bp	20.6 bp −$21	67.3 bp −$673	doesn't fit	doesn't fit

Coinbase International: 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	−0.0999%	1h	0.6396	+0.251%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.527%	$7	$24	12x	as long as short
Binance RUNEUSDTshort	+0.0100%	8h	0.6388	+0.133%	$4.7M	$9.6M	75x
Bybit RUNEUSDT	+0.0100%	8h	0.6388	+0.125%	$2.7M	$1.5M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6392	+0.188%	$658K	$288K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6392	+0.188%	$2.6M	$1.4M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6389	+0.141%	$911K	$191K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6399	+0.298%	$1.6M	$458K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6390	+0.157%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6361	−0.297%	$125K	$9K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6396	+0.245%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0129%	8h	0.6394	+0.219%	$446K	$129K	75x	as long as short
Hyperliquid RUNE	+0.0316%	1h	0.6401	+0.321%	$1.7M	$857K	5x	as long as short
Coinbase International RUNE-PERP-INTXlong	+0.0368%	1h	0.6380	long leg	$38K	$16K	25x
dYdX RUNE-USD	+0.1785%	1h	0.6391	+0.180%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2401%	1h	0.6400	+0.307%	$177K	$213K	20x	as long as short