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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: BingX against Extended+0.025%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$910.906% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.025%, 7d avg +0.053%
Together, before fees−0.122%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.028% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RUNE-USD0.64390.0104pay 0.0013% / 1h53m 38s$4K$170K10x
ShortBingX RUNE-USDT0.64410.0100get 0.0100% / 8h1h 53m$59.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$0.84
Price spread: +0.025% → +0.053%
−$2.82
Slippage, 4 orders
−$75.58
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$94.24
Costs to cover
0.906%
Break-even
never at this rate
Slippage from Extended: live order book, 27 min ago; BingX: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 27 min ago3.53 bp24.2 bp −$24248.7 bp −$2,487doesn't fitdoesn't fit
Sell BingX live order book, 15 min ago6.31 bp22.9 bp −$2351.8 bp −$518316.0 bp −$31.6K435.8 bp −$217.9K

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-PERPETUAL−0.1607%1h0.6451+0.180%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−4.417%$7$2412xas long as short
Binance RUNEUSDT+0.0100%8h0.6440+0.006%$4.8M$10.2M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6445+0.087%$2.8M$1.6M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6453+0.211%$664K$295K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6439−0.006%$3.4M$1.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6448+0.133%$904K$195K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6446+0.102%$1.6M$485K50xas long as short
BingX RUNE-USDTshort+0.0100%8h0.6441+0.025%$59.1M
Variational Omni RUNE+0.0100%8h0.6422−0.271%$126K$9Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDlong+0.0104%1h0.6439long leg$4K$170K10x
Coinbase International RUNE-PERP-INTX+0.0112%1h0.6444+0.071%$38K$16K25xas long as short
BloFin RUNE-USDT+0.0123%8h0.6450+0.165%$443K$156K75xas long as short
Hyperliquid RUNE+0.0461%1h0.6461+0.329%$1.7M$863K5xas long as short
Kraken Futures PF_RUNEUSD+0.2124%1h0.6450+0.161%$178K$214K20xas long as short
dYdX RUNE-USD+0.2429%1h0.6456+0.255%$55K$4K5xas long as short