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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Gate−0.095%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1641.644% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.095%, 7d avg −0.032%
Together, before fees+0.132%+$13 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: BingX is 0.063% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RUNE_USDT0.63360.0100pay 0.0100% / 8h4h 53m$628K$365K50x
ShortBingX RUNE-USDT0.63300.0100get 0.0100% / 8h4h 53m$59.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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
Price spread: −0.095% → −0.032%
−$6.28
Slippage, 4 orders
−$139.39
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$170.67
Costs to cover
1.644%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; BingX: live order book, 15 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 Gate live order book, 2 min ago3.94 bp63.8 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 15 min ago4.72 bp20.0 bp −$2041.2 bp −$412330.9 bp −$33.1K508.0 bp −$254.0K

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%1h0.6332−0.063%10xas long as short
dYdX RUNE-USD+0.0010%1h0.6334−0.024%$27K$32K5xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.857%$7$1412xas long as short
BloFin RUNE-USDT+0.0075%8h0.6331−0.079%$449K$193K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6332−0.063%$4.8M$15.6M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.63360.000%$2.8M$2.8M75xas long as short
Gate RUNE_USDTlong+0.0100%8h0.6336long leg$628K$365K50x
MEXC RUNE_USDT+0.0100%8h0.6334−0.032%$3.6M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6333−0.047%$920K$330K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6340+0.063%$1.5M$771K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RUNE-USDTshort+0.0100%8h0.6330−0.095%$59.0M
Variational Omni RUNE+0.0100%8h0.6345+0.149%$186K$67Kas long as short
Extended RUNE-USD+0.0104%1h0.6328−0.133%$4K$164K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0680%1h0.6381+0.710%$37K$31K25xas long as short
Kraken Futures PF_RUNEUSD+0.0989%1h0.6343+0.114%$181K$286K20xas long as short
Hyperliquid RUNE+0.1683%1h0.6343+0.109%$1.7M$1.0M5xas long as short