Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.753%

Price spread now: MEXC against dYdX−0.343%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−2.049%−$205 on $10k

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 −$9 a day on $10k at the current rate, and MEXC is 0.343% cheaper against dYdX than usual: you would sell low and buy high (−$34 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	dYdX RUNE-USD	0.6554	0.0405	pay 0.0051% / 1h	38m 28s	$56K	$5K	5x
Short	MEXC RUNE_USDT	0.6532	0.0100	get 0.0100% / 8h	7h 38m	$3.7M	$2.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee dYdXbpFee MEXCbpOrdersPrice spread, now −0.343%Rate

Funding earned: −$63.97
Price spread: −0.343% → 0.000%: −$34.29
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$112.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 4 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 dYdX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.76 bp	6.2 bp −$6	20.3 bp −$203	117.0 bp −$11.7K	235.8 bp −$117.9K

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
Deribit RUNE_USDC-PERPETUAL	−0.0360%	1h	0.6551	−0.053%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.095%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6684	+1.976%	$40K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0090%	8h	0.6532	−0.343%	$477K	$186K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6548	−0.106%	$5.2M	$12.5M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6553	−0.023%	$2.9M	$2.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6545	−0.145%	$661K	$340K	50x	as long as short
MEXC RUNE_USDTshort	+0.0100%	8h	0.6532	−0.343%	$3.7M	$2.4M	125x
KuCoin RUNEUSDTM	+0.0100%	8h	0.6545	−0.145%	$927K	$235K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6570	+0.237%	$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	0.6532	−0.343%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6608	+0.824%	$130K	$7K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6533	−0.329%	$4K	$167K	10x	as long as short
dYdX RUNE-USDlong	+0.0405%	1h	0.6554	long leg	$56K	$5K	5x
Kraken Futures PF_RUNEUSD	+0.0599%	1h	0.6556	+0.027%	$194K	$238K	20x	as long as short
Hyperliquid RUNE	+0.0971%	1h	0.6553	−0.027%	$1.8M	$968K	5x	as long as short