Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0353%/8h= +38.7% APRnext payment +$0.44 per $10,000 · paid last 24h —

Price spread now: dYdX against Deribit−0.147%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.147% cheaper against Deribit than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 33 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit RUNE_USDC-PERPETUAL	0.6419	0.0218	pay 0.0027% / 1h	57m 14s	—	—	10x
Short	dYdX RUNE-USD	0.6410	0.0571	get 0.0071% / 1h	57m 14s	$27K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now −0.147%Rate

Funding earned: $74.22
Price spread: −0.147% → 0.000%: −$14.72
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $42.5
Costs to cover: 0.170%
Break-even: 3.0 days

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

Deribit and dYdX: 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
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.113%	$7	$14	12x	as long as short
BloFin RUNE-USDT	+0.0079%	8h	0.6421	+0.031%	$446K	$210K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6415	−0.065%	$5.1M	$16.5M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6415	−0.062%	$2.9M	$2.9M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6429	+0.156%	$672K	$378K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6416	−0.047%	$3.9M	$3.8M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6418	−0.016%	$995K	$364K	50x	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6418	−0.013%	$185K	$70K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6413	−0.092%	$8K	$208K	10x	as long as short
BingX RUNE-USDT	+0.0145%	8h	0.6418	−0.016%	—	$3.9M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RUNEUSDT	+0.0151%	8h	0.6428	+0.140%	$1.6M	$779K	50x	as long as short
Deribit RUNE_USDC-PERPETUALlong	+0.0218%	1h	0.6419	long leg	—	—	10x
dYdX RUNE-USDshort	+0.0571%	1h	0.6410	−0.147%	$27K	$32K	5x
Coinbase International RUNE-PERP-INTX	+0.1160%	1h	0.6446	+0.421%	$37K	$30K	25x	as long as short
Hyperliquid RUNE	+0.1340%	1h	0.6422	+0.047%	$1.8M	$1.2M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1672%	1h	0.6426	+0.109%	$149K	$312K	20x	as long as short