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: Gate against Extended+0.023%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1311.305% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 4 days (all we have)−0.417%−$42 · spread now +0.023%, 7d avg +0.089%
Together, before fees−0.362%+ Points / potential airdropExtended: Active · farm board−$36 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: Gate is 0.066% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RUNE-USD0.63450.0104pay 0.0013% / 1h56m 28s$4K$170K10x
ShortGate RUNE_USDT0.63460.0100get 0.0100% / 8h2h 56m$654K$285K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.023% → +0.089%
−$6.58
Slippage, 4 orders
−$110.55
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$137.97
Costs to cover
1.305%
Break-even
never at this rate
Slippage from Extended: live order book, 29 min ago; Gate: live order book, 29 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, 29 min ago3.87 bp27.4 bp −$27230.8 bp −$2,308doesn't fitdoesn't fit
Sell Gate live order book, 29 min ago5.52 bp33.3 bp −$33doesn't fitdoesn'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−0.0695%1h0.6342−0.040%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.987%$7$2412xas long as short
Binance RUNEUSDT+0.0100%8h0.6342−0.040%$4.6M$9.5M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6339−0.087%$2.7M$1.5M75xas long as short
Gate RUNE_USDTshort+0.0100%8h0.6346+0.023%$654K$285K50x
MEXC RUNE_USDT+0.0100%8h0.6343−0.024%$2.6M$1.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6344−0.008%$905K$191K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6350+0.087%$1.5M$458K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6344−0.008%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6306−0.613%$124K$9Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDlong+0.0104%1h0.6345long leg$4K$170K10x
BloFin RUNE-USDT+0.0126%8h0.6350+0.087%$443K$128K75xas long as short
Hyperliquid RUNE+0.0300%1h0.6354+0.146%$1.6M$861K5xas long as short
Coinbase International RUNE-PERP-INTX+0.0368%1h0.6365+0.323%$38K$16K25xas long as short
dYdX RUNE-USD+0.1492%1h0.6337−0.119%$54K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2418%1h0.6355+0.157%$176K$213K20xas long as short