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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Extended+0.058%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.047%+$5 on $10k
Price spread, last 4 days (all we have)−0.546%−$55 · spread now +0.058%, 7d avg −0.002%
Together, before fees−0.500%+ Points / potential airdropExtended: Active · farm board−$50 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: KuCoin is 0.061% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RUNE-USD0.64120.0104pay 0.0013% / 1h48m 50s$4K$212K10x
ShortKuCoin RUNEUSDTM0.64160.0100get 0.0100% / 8h7h 48m$994K$365K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.058% → −0.002%
$6.08
Slippage, 4 orders
−$137.65
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$149.41
Costs to cover
1.547%
Break-even
never at this rate
Slippage from Extended: live order book, 47 min ago; KuCoin: live order book, 26 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, 47 min ago4.63 bp25.7 bp −$26263.5 bp −$2,635doesn't fitdoesn't fit
Sell KuCoin live order book, 26 min ago0.78 bp29.1 bp −$29176.8 bp −$1,768doesn'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-PERPETUAL0.0000%1h0.6415+0.043%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−4.012%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6411−0.020%$5.1M$16.5M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6410−0.035%$2.9M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6418+0.090%$673K$379K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6413+0.012%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTMshort+0.0100%8h0.6416+0.058%$994K$365K50x
Variational Omni RUNE+0.0100%8h0.6417+0.073%$185K$70Kas long as short
Extended RUNE-USDlong+0.0104%1h0.6412long leg$4K$212K10x
dYdX RUNE-USD+0.0114%1h0.6409−0.044%$27K$32K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0126%8h0.6409−0.051%$326K$210K75xas long as short
BingX RUNE-USDT+0.0158%8h0.6412−0.004%$3.9Mas long as short
Bitget RUNEUSDT+0.0160%8h0.6422+0.152%$1.5M$795K50xas long as short
Coinbase International RUNE-PERP-INTX+0.1160%1h0.6446+0.526%$37K$30K25xas long as short
Hyperliquid RUNE+0.1429%1h0.6418+0.096%$1.8M$1.2M5xas long as short
Kraken Futures PF_RUNEUSD+0.1674%1h0.6419+0.098%$150K$313K20xas long as short