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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.039%
Price spread now: Injective against Gate−4.411%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.411% cheaper against Gate than usual: you would sell low and buy high (−$441 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RUNE_USDT0.64390.0100pay 0.0100% / 8h1h 50m$662K$295K50x
ShortInjective RUNE/USDC PERP0.61550.0033get 0.0004% / 1h50m 37s$7$2412x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −4.411% → 0.000%
−$441.06
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$470.08
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 31 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 31 min ago5.47 bp32.1 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUAL−0.1301%1h0.64390.000%10xas long as short
Injective RUNE/USDC PERPshort+0.0033%1h0.6155−4.411%$7$2412x
BloFin RUNE-USDT+0.0088%8h0.6428−0.171%$446K$156K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6437−0.031%$4.8M$10.2M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6434−0.078%$2.8M$1.6M75xas long as short
Gate RUNE_USDTlong+0.0100%8h0.6439long leg$662K$295K50x
MEXC RUNE_USDT+0.0100%8h0.6438−0.016%$3.4M$1.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6434−0.078%$907K$196K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6444+0.078%$1.6M$486K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6440+0.016%$59.1Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6422−0.265%$126K$9Kas long as short
Extended RUNE-USD+0.0104%1h0.6435−0.062%$4K$170K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0112%1h0.6455+0.248%$38K$16K25xas long as short
Hyperliquid RUNE+0.0473%1h0.6455+0.252%$1.7M$864K5xas long as short
dYdX RUNE-USD+0.1619%1h0.6449+0.162%$55K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2126%1h0.6445+0.101%$178K$214K20xas long as short