Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.071%

Price spread now: Coinbase International against Gate+0.362%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.362% dearer against Gate than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RUNE_USDT	0.6351	0.0100	pay 0.0100% / 8h	2h 00m	$629K	$369K	50x
Short	Coinbase International RUNE-PERP-INTX	0.6374	0.0624	get 0.0078% / 1h	0m 10s	$37K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.362%Rate

Funding earned: $110.04
Price spread: +0.362% → 0.000%: $36.21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $121.25
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 46 min ago; Coinbase International: 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 Gate live order book, 46 min ago	3.17 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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-PERPETUAL	0.0000%	1h	0.6347	−0.063%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.086%	$7	$14	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6347	−0.063%	$4.9M	$16.2M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6350	−0.016%	$2.9M	$2.9M	75x	as long as short
Gate RUNE_USDTlong	+0.0100%	8h	0.6351	long leg	$629K	$369K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6347	−0.063%	$3.5M	$3.6M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6354	+0.047%	$980K	$366K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6354	+0.047%	$1.5M	$786K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6351	0.000%	—	$58.7M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6352	+0.013%	$183K	$69K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6347	−0.059%	$4K	$156K	10x	as long as short
BloFin RUNE-USDT	+0.0121%	8h	0.6341	−0.157%	$431K	$210K	75x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.0624%	1h	0.6374	+0.362%	$37K	$30K	25x
dYdX RUNE-USD	+0.0712%	1h	0.6345	−0.089%	$27K	$32K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0820%	1h	0.6347	−0.056%	$154K	$307K	20x	as long as short
Hyperliquid RUNE	+0.1467%	1h	0.6360	+0.135%	$1.8M	$1.2M	5x	as long as short