Funding you earn now, next payment 22:00 UTC+0.0949%/8h= +103.9% APRpaid last 24h +0.045%
Price spread now: Bybit against Deribit+0.283%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$28 a day on $10k at the current rate, and Bybit is 0.283% dearer against Deribit than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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 | Deribit RUNE_USDC-PERPETUAL | 0.6362 | −0.0849 | get 0.0106% / 1h | 46m 23s | — | — | 10x |
| Short | Bybit RUNEUSDT | 0.6380 | 0.0100 | get 0.0100% / 8h | 2h 46m | $2.7M | $1.5M | 75x |
Deribit RUNE_USDC-PERPETUAL
Bybit RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- $199.3
- Price spread: +0.283% → 0.000%
- $28.29
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $209.6
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 1 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 4.72 bp | 40.1 bp −$40 | 84.4 bp −$844 | doesn't fit | doesn't fit |
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-PERPETUALlong | −0.0849% | 1h | 0.6362 | long leg | — | — | 10x | |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.254% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0091% | 8h | 0.6360 | −0.031% | $443K | $128K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6382 | +0.319% | $4.7M | $9.5M | 75x | as long as short |
| Bybit RUNEUSDTshort | +0.0100% | 8h | 0.6380 | +0.283% | $2.7M | $1.5M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6387 | +0.393% | $658K | $287K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6382 | +0.314% | $2.6M | $1.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6382 | +0.314% | $910K | $191K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6388 | +0.409% | $1.6M | $459K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6386 | +0.377% | — | $59.0M | — | as long as short |
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 | −0.259% | $125K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6370 | +0.132% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNE | +0.0339% | 1h | 0.6392 | +0.475% | $1.6M | $856K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0368% | 1h | 0.6380 | +0.283% | $38K | $16K | 25x | as long as short |
| dYdX RUNE-USD | +0.1802% | 1h | 0.6369 | +0.102% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2407% | 1h | 0.6383 | +0.332% | $176K | $213K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Hyperliquid RUNE
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD