Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h —

Price spread now: Deribit against Coinbase International−1.257%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 Deribit is 1.257% cheaper against Coinbase International than usual: you would sell low and buy high (−$126 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	Coinbase International RUNE-PERP-INTX	0.6684	0.0056	pay 0.0007% / 1h	40m 33s	$40K	$32K	25x
Short	Deribit RUNE_USDC-PERPETUAL	0.6600	−0.0204	pay 0.0026% / 1h	40m 33s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −1.257%Rate

Funding earned: −$54.67
Price spread: −1.257% → 0.000%: −$125.67
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$197.34
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Deribit: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Coinbase International and Deribit: 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-PERPETUALshort	−0.0204%	1h	0.6600	−1.257%	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−7.914%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTXlong	+0.0056%	1h	0.6684	long leg	$40K	$32K	25x
BloFin RUNE-USDT	+0.0090%	8h	0.6602	−1.227%	$473K	$186K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6607	−1.152%	$5.2M	$12.4M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6603	−1.212%	$2.9M	$2.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6614	−1.047%	$668K	$340K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6603	−1.212%	$3.7M	$2.4M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6608	−1.137%	$935K	$236K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6615	−1.032%	$1.6M	$631K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0100%	8h	0.6606	−1.167%	—	$59.2M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6608	−1.130%	$130K	$7K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6603	−1.213%	$4K	$169K	10x	as long as short
dYdX RUNE-USD	+0.0447%	1h	0.6615	−1.026%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0594%	1h	0.6619	−0.972%	$196K	$237K	20x	as long as short
Hyperliquid RUNE	+0.0999%	1h	0.6618	−0.990%	$1.8M	$974K	5x	as long as short