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

RUNE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0705%/8h= +77.2% APRnext payment +$0.88 per $10,000 · paid last 24h +0.520%
Price spread now: dYdX against Injective+2.419%7-day average · you sell dearer than you buy
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+2.110%+$211 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and dYdX is 2.419% dearer against Injective than usual: you sell high and buy low: +$242 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective RUNE/USDC PERP0.61550.0033pay 0.0004% / 1h17m 50s$7$1412x
ShortdYdX RUNE-USD0.63040.0738get 0.0092% / 1h17m 50s$27K$32K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$148.05
Price spread: +2.419% → 0.000%
$241.86
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee dYdX: 5 bp × 2 orders
−$10
Net
$379.89
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; dYdX: 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 Injective no order-book sample
Sell dYdX no order-book sample
Injective and dYdX: 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
Injective RUNE/USDC PERPlong+0.0033%1h0.6155long leg$7$1412x
Binance RUNEUSDT+0.0100%8h0.6316+2.615%$4.8M$16.2M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6316+2.616%$2.8M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6320+2.681%$626K$367K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6315+2.600%$3.5M$3.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6315+2.600%$971K$364K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6325+2.762%$1.5M$783K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6319+2.665%$58.7Mas long as short
Variational Omni RUNE+0.0100%8h0.6299+2.338%$185K$67Kas long as short
Extended RUNE-USD+0.0104%1h0.6315+2.592%$6K$153K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0120%8h0.6310+2.518%$430K$209K75xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0383%1h0.6324+2.746%10xas long as short
Coinbase International RUNE-PERP-INTX+0.0624%1h0.6337+2.957%$37K$30K25xas long as short
dYdX RUNE-USDshort+0.0738%1h0.6304+2.419%$27K$32K5x
Kraken Futures PF_RUNEUSD+0.0823%1h0.6324+2.739%$156K$307K20xas long as short
Hyperliquid RUNE+0.1469%1h0.6323+2.738%$1.8M$1.2M5xas long as short