Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h —

Price spread now: Deribit against Extended+0.092%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.092% dearer against Extended than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended RUNE-USD	0.6347	0.0104	pay 0.0013% / 1h	59m 54s	$8K	$169K	10x
Short	Deribit RUNE_USDC-PERPETUAL	0.6353	0	get 0.0000% / 1h	59m 54s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee DeribitbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$21.84
Price spread: +0.092% → 0.000%: $9.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.64
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 56 min ago; Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 56 min ago	3.56 bp	24.1 bp −$24	246.7 bp −$2,467	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	0.0000%	1h	0.6353	+0.092%	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.027%	$7	$14	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6351	+0.064%	$4.8M	$15.8M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6353	+0.092%	$2.8M	$2.8M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6357	+0.155%	$630K	$370K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6349	+0.029%	$3.5M	$3.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6355	+0.124%	$913K	$335K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6359	+0.187%	$1.6M	$781K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6354	+0.108%	—	$58.9M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6357	+0.153%	$187K	$67K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RUNE-USDT	+0.0104%	8h	0.6351	+0.061%	$440K	$195K	75x	as long as short
Extended RUNE-USDlong	+0.0104%	1h	0.6347	long leg	$8K	$169K	10x
dYdX RUNE-USD	+0.0274%	1h	0.6342	−0.077%	$27K	$32K	5x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0680%	1h	0.6386	+0.612%	$37K	$30K	25x	as long as short
Kraken Futures PF_RUNEUSD	+0.0987%	1h	0.6358	+0.165%	$179K	$288K	20x	as long as short
Hyperliquid RUNE	+0.1092%	1h	0.6361	+0.221%	$1.8M	$1.1M	5x	as long as short