Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.040%

Price spread now: BloFin against Injective+7.685%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

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 +$3 a day on $10k at the current rate, and BloFin is 7.685% dearer against Injective than usual: you sell high and buy low: +$768 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	Injective RUNE/USDC PERP	0.6155	0.0033	pay 0.0004% / 1h	12m 34s	$7	$14	12x
Short	BloFin RUNE-USDT	0.6628	0.0117	get 0.0117% / 8h	7h 12m	$485K	$193K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +7.685%Rate

Funding earned: $17.67
Price spread: +7.685% → 0.000%: $768.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $774.13
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 58 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 58 min ago	3.86 bp	23.6 bp −$24	54.0 bp −$540	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit RUNE_USDC-PERPETUAL	−0.0203%	1h	0.6622	+7.587%	—	—	10x	as long as short
Injective RUNE/USDC PERPlong	+0.0033%	1h	0.6155	long leg	$7	$14	12x
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6707	+8.968%	$40K	$32K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6605	+7.304%	$5.2M	$13.2M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6608	+7.360%	$3.0M	$2.2M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6615	+7.474%	$666K	$356K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6606	+7.327%	$3.3M	$2.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6604	+7.295%	$935K	$254K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6617	+7.506%	$1.6M	$661K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6611	+7.409%	—	$58.9M	—	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	0.6628	+7.692%	$158K	$34K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6603	+7.286%	$4K	$171K	10x	as long as short
BloFin RUNE-USDTshort	+0.0117%	8h	0.6628	+7.685%	$485K	$193K	75x
Kraken Futures PF_RUNEUSD	+0.0592%	1h	0.6637	+7.833%	$197K	$246K	20x	as long as short
dYdX RUNE-USD	+0.0732%	1h	0.6608	+7.359%	$56K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1105%	1h	0.6622	+7.584%	$1.8M	$999K	5x	as long as short