Funding you earn now, next payment 21:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.059%
Price spread now: Bybit against Coinbase International−0.141%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.141% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RUNE-PERP-INTX | 0.6365 | 0.0368 | pay 0.0046% / 1h | 50m 28s | $38K | $16K | 25x |
| Short | Bybit RUNEUSDT | 0.6356 | 0.0100 | get 0.0100% / 8h | 2h 50m | $2.7M | $1.5M | 75x |
Coinbase International RUNE-PERP-INTX
Bybit RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.28
- Price spread: −0.141% → 0.000%
- −$14.14
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$91.42
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 6.32 bp | 37.0 bp −$37 | 68.1 bp −$681 | 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 | −0.1008% | 1h | 0.6350 | −0.236% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.299% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0097% | 8h | 0.6349 | −0.251% | $444K | $128K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6360 | −0.074% | $4.7M | $9.6M | 75x | as long as short |
| Bybit RUNEUSDTshort | +0.0100% | 8h | 0.6356 | −0.141% | $2.7M | $1.5M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6357 | −0.126% | $655K | $287K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6360 | −0.079% | $2.6M | $1.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6355 | −0.157% | $906K | $191K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6368 | +0.047% | $1.6M | $460K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6357 | −0.126% | — | $59.0M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6346 | −0.306% | $125K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6360 | −0.074% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNE | +0.0339% | 1h | 0.6370 | +0.075% | $1.6M | $856K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTXlong | +0.0368% | 1h | 0.6365 | long leg | $38K | $16K | 25x | |
| dYdX RUNE-USD | +0.1668% | 1h | 0.6354 | −0.173% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2414% | 1h | 0.6363 | −0.030% | $176K | $213K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Hyperliquid RUNE
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD