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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.052%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1331.334% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.052%, 7d avg +0.031%
Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 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: Bybit is 0.083% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RUNE-USD0.63600.0104pay 0.0013% / 1h50m 29s$4K$170K10x
ShortBybit RUNEUSDT0.63570.0100get 0.0100% / 8h2h 50m$2.7M$1.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.052% → +0.031%
−$8.28
Slippage, 4 orders
−$117.42
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$142.54
Costs to cover
1.334%
Break-even
never at this rate
Slippage from Extended: live order book, 35 min ago; Bybit: live order book, 2 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, 35 min ago3.87 bp27.4 bp −$27230.8 bp −$2,308doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago6.32 bp37.0 bp −$3768.1 bp −$681doesn't fitdoesn't fit

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−0.1008%1h0.6350−0.162%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.228%$7$2412xas long as short
BloFin RUNE-USDT+0.0097%8h0.6349−0.178%$444K$128K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6362+0.027%$4.7M$9.6M75xas long as short
Bybit RUNEUSDTshort+0.0100%8h0.6357−0.052%$2.7M$1.5M75x
Gate RUNE_USDT+0.0100%8h0.6357−0.052%$655K$287K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6360−0.005%$2.6M$1.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6355−0.083%$906K$191K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6369+0.137%$1.6M$460K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6360−0.005%$59.0Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6346−0.232%$125K$9Kas long as short
Extended RUNE-USDlong+0.0104%1h0.6360long leg$4K$170K10x
Hyperliquid RUNE+0.0337%1h0.6370+0.145%$1.6M$856K5xas long as short
Coinbase International RUNE-PERP-INTX+0.0368%1h0.6365+0.074%$38K$16K25xas long as short
dYdX RUNE-USD+0.1668%1h0.6354−0.099%$54K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2414%1h0.6363+0.043%$176K$213K20xas long as short