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Funding arb · Price arb /

RUNE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0308%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h —
Price spread now: Extended against Deribit−0.131%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Extended
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—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.131% cheaper against Deribit than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 34 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit RUNE_USDC-PERPETUAL0.6600−0.0204get 0.0026% / 1h40m 40s——10x
ShortExtended RUNE-USD0.65910.0104get 0.0013% / 1h40m 40s$4K$169K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$64.75
Price spread: −0.131% → 0.000%
−$13.15
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$39.61
Costs to cover
0.120%
Break-even
2.7 days
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample—————
Sell Extended live order book, 30 min ago5.03 bp25.9 bp −$26202.3 bp −$2,023doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUALlong−0.0204%1h0.6600long leg——10x
Injective RUNE/USDC PERP+0.0033%1h0.6155−6.742%$7$1412xas long as short
Coinbase International RUNE-PERP-INTX+0.0056%1h0.6684+1.273%$40K$32K25xas long as short
BloFin RUNE-USDT+0.0090%8h0.6602+0.030%$473K$186K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6604+0.061%$5.2M$12.4M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6603+0.045%$2.9M$2.1M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6613+0.197%$668K$340K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6603+0.045%$3.7M$2.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6608+0.121%$935K$236K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6615+0.227%$1.6M$631K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RUNE-USDT+0.0100%8h0.6606+0.091%—$59.2M—as long as short
Variational Omni RUNE+0.0100%8h0.6608+0.128%$130K$7K—as long as short
Extended RUNE-USDshort+0.0104%1h0.6591−0.131%$4K$169K10x
dYdX RUNE-USD+0.0447%1h0.6615+0.233%$56K$5K5xas long as short
Kraken Futures PF_RUNEUSD+0.0594%1h0.6619+0.288%$196K$237K20xas long as short
Hyperliquid RUNE+0.0990%1h0.6617+0.255%$1.8M$974K5xas long as short