Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

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: Bitget against Gate+0.095%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1901.902% of the position

Long on Gate Short on Bitget

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)−0.058%−$6 · spread now +0.095%, 7d avg −0.010%

Together, before fees−0.058%−$6 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: Bitget is 0.106% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RUNE_USDT	0.6291	0.0100	pay 0.0100% / 8h	2h 32m	$623K	$367K	50x
Short	Bitget RUNEUSDT	0.6297	0.0100	get 0.0100% / 8h	2h 32m	$1.5M	$782K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → −0.010%: $10.58
Slippage, 4 orders: −$163.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$179.58
Costs to cover: 1.902%
Break-even: never at this rate

Slippage from Gate: live order book, 14 min ago; Bitget: live order book, 4 min ago.

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 Gate live order book, 14 min ago	3.17 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.96 bp	19.0 bp −$19	102.8 bp −$1,028	doesn't fit	doesn't fit

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
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.162%	$7	$14	12x	as long as short
Deribit RUNE_USDC-PERPETUAL	+0.0068%	1h	0.6284	−0.111%	—	—	10x	as long as short
BloFin RUNE-USDT	+0.0093%	8h	0.6290	−0.016%	$434K	$208K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6288	−0.048%	$4.8M	$16.1M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6284	−0.111%	$2.8M	$2.9M	75x	as long as short
Gate RUNE_USDTlong	+0.0100%	8h	0.6291	long leg	$623K	$367K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6288	−0.048%	$3.4M	$3.6M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6287	−0.064%	$968K	$364K	50x	as long as short
Bitget RUNEUSDTshort	+0.0100%	8h	0.6297	+0.095%	$1.5M	$782K	50x
BingX RUNE-USDT	+0.0100%	8h	0.6290	−0.016%	—	$58.7M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6301	+0.159%	$185K	$67K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6285	−0.090%	$6K	$153K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0624%	1h	0.6395	+1.653%	$38K	$30K	25x	as long as short
dYdX RUNE-USD	+0.0788%	1h	0.6280	−0.167%	$27K	$32K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0829%	1h	0.6284	−0.114%	$159K	$302K	20x	as long as short
Hyperliquid RUNE	+0.1468%	1h	0.6295	+0.060%	$1.8M	$1.1M	5x	as long as short