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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Gate−0.129%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1561.564% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.129%, 7d avg −0.091%
Together, before fees+0.091%+ Points / potential airdropExtended: Active · farm board+$9 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: Extended is 0.038% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RUNE_USDT0.62980.0100pay 0.0100% / 8h6h 08m$632K$378K50x
ShortExtended RUNE-USD0.62900.0104get 0.0013% / 1h8m 12s$4K$164K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.129% → −0.091%
−$3.79
Slippage, 4 orders
−$136.43
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$159.38
Costs to cover
1.564%
Break-even
1335.1 days
Slippage from Gate: live order book, 58 min ago; Extended: live order book, 58 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, 58 min ago5.31 bp51.3 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 58 min ago5.09 bp26.1 bp −$26203.5 bp −$2,035doesn't fitdoesn't fit

RUNE on 15 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%1h0.6295−0.048%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.271%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6302+0.064%$4.8M$15.1M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6296−0.032%$2.8M$2.7M75xas long as short
Gate RUNE_USDTlong+0.0100%8h0.6298long leg$632K$378K50x
MEXC RUNE_USDT+0.0100%8h0.6302+0.064%$3.7M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6294−0.064%$897K$320K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6310+0.191%$1.5M$769K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6308+0.159%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6303+0.078%$185K$69Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDshort+0.0104%1h0.6290−0.129%$4K$164K10x
Coinbase International RUNE-PERP-INTX+0.0104%1h0.6327+0.460%$37K$31K25xas long as short
dYdX RUNE-USD+0.0578%1h0.6278−0.322%$37K$22K5xas long as short
Hyperliquid RUNE+0.0820%1h0.6311+0.200%$1.7M$1.1M5xas long as short
Kraken Futures PF_RUNEUSD+0.1765%1h0.6327+0.454%$183K$283K20xas long as short