Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.054%

Price spread now: Bitget against Coinbase International−0.722%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Bitget

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.722% cheaper against Coinbase International than usual: you would sell low and buy high, −$72 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RUNE-PERP-INTX	0.6368	0.0104	pay 0.0013% / 1h	31m 42s	$38K	$31K	25x
Short	Bitget RUNEUSDT	0.6322	0.0100	get 0.0100% / 8h	6h 31m	$1.6M	$743K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.722%Rate

Funding earned: −$0.84
Price spread: −0.722% → 0.000%: −$72.24
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.08
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	6.30 bp	48.3 bp −$48	323.8 bp −$3,238	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 15 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	0.0000%	1h	0.6337	−0.487%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.345%	$7	$14	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6312	−0.874%	$4.9M	$14.6M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6311	−0.895%	$2.9M	$2.5M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6335	−0.518%	$638K	$366K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6325	−0.675%	$3.6M	$3.3M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6330	−0.597%	$895K	$303K	50x	as long as short
Bitget RUNEUSDTshort	+0.0100%	8h	0.6322	−0.722%	$1.6M	$743K	50x
BingX RUNE-USDT	+0.0100%	8h	0.6324	−0.691%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6350	−0.290%	$187K	$69K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6331	−0.582%	$4K	$164K	10x	as long as short
Coinbase International RUNE-PERP-INTXlong	+0.0104%	1h	0.6368	long leg	$38K	$31K	25x
dYdX RUNE-USD	+0.0514%	1h	0.6329	−0.613%	$54K	$5K	5x	as long as short
Hyperliquid RUNE	+0.0620%	1h	0.6326	−0.661%	$1.7M	$1.0M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1757%	1h	0.6358	−0.155%	$183K	$282K	20x	as long as short