Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0334%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h −0.634%
Price spread now: Coinbase International against dYdX+0.485%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.485% dearer against dYdX than usual: you sell high and buy low: +$49 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX RUNE-USD0.63410.0170pay 0.0021% / 1h14m 10s$27K$32K5x
ShortCoinbase International RUNE-PERP-INTX0.63720.0504get 0.0063% / 1h14m 10s$37K$31K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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
$70.23
Price spread: +0.485% → 0.000%
$48.52
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$98.75
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Coinbase International no order-book sample
dYdX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUAL0.0000%1h0.6349+0.123%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.937%$7$1412xas long as short
BloFin RUNE-USDT+0.0090%8h0.6355+0.217%$227K$193K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6350+0.131%$4.8M$15.4M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6351+0.154%$2.8M$2.8M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6357+0.249%$630K$375K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6347+0.091%$3.6M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6356+0.233%$922K$332K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6353+0.186%$1.5M$767K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6356+0.233%$59.0Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6364+0.355%$187K$67Kas long as short
Extended RUNE-USD+0.0104%1h0.6344+0.049%$4K$165K10xas long as short
dYdX RUNE-USDlong+0.0170%1h0.6341long leg$27K$32K5x
Coinbase International RUNE-PERP-INTXshort+0.0504%1h0.6372+0.485%$37K$31K25x
Hyperliquid RUNE+0.1495%1h0.6369+0.443%$1.7M$1.0M5xas long as short
Kraken Futures PF_RUNEUSD+0.2059%1h0.6354+0.206%$181K$286K20xas long as short