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−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended−0.141%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1541.539% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.141%, 7d avg +0.079%
Together, before fees+0.193%+ Points / potential airdropExtended: Active · farm board+$19 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: Bitget is 0.220% cheaper against Extended than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RUNE-USD0.63310.0104pay 0.0013% / 1h31m 43s$4K$164K10x
ShortBitget RUNEUSDT0.63220.0100get 0.0100% / 8h6h 31m$1.6M$743K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.141% → +0.079%
−$22.01
Slippage, 4 orders
−$136.93
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$176.78
Costs to cover
1.539%
Break-even
never at this rate
Slippage from Extended: live order book, 34 min ago; Bitget: live order book, 5 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, 34 min ago5.09 bp27.3 bp −$27230.8 bp −$2,308doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago6.30 bp48.3 bp −$48323.8 bp −$3,238doesn't fitdoesn't fit

RUNE on 15 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%1h0.6337+0.096%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.779%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6312−0.294%$4.9M$14.6M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6311−0.315%$2.9M$2.5M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6335+0.064%$638K$366K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6325−0.094%$3.6M$3.3M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6330−0.015%$895K$303K50xas long as short
Bitget RUNEUSDTshort+0.0100%8h0.6322−0.141%$1.6M$743K50x
BingX RUNE-USDT+0.0100%8h0.6324−0.110%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6350+0.293%$187K$69Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDlong+0.0104%1h0.6331long leg$4K$164K10x
Coinbase International RUNE-PERP-INTX+0.0104%1h0.6368+0.585%$38K$31K25xas long as short
dYdX RUNE-USD+0.0514%1h0.6329−0.031%$54K$5K5xas long as short
Hyperliquid RUNE+0.0620%1h0.6326−0.080%$1.7M$1.0M5xas long as short
Kraken Futures PF_RUNEUSD+0.1757%1h0.6358+0.429%$183K$282K20xas long as short