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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.184%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1771.772% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.063%−$6 on $10k
Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.184%, 7d avg +0.034%
Together, before fees+0.321%+$32 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: Binance is 0.218% cheaper against KuCoin than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RUNEUSDTM0.63200.0100pay 0.0100% / 8h3h 01m$975K$362K50x
ShortBinance RUNEUSDT0.63080.0100get 0.0100% / 8h3h 01m$4.8M$16.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
Price spread: −0.184% → +0.034%
−$21.78
Slippage, 4 orders
−$155.23
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$199.01
Costs to cover
1.772%
Break-even
never at this rate
Slippage from KuCoin: live order book, 33 min ago; Binance: live order book, 10 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 KuCoin live order book, 33 min ago6.30 bp95.7 bp −$96239.3 bp −$2,393doesn't fitdoesn't fit
Sell Binance live order book, 10 min ago1.58 bp18.5 bp −$1969.7 bp −$697doesn't fitdoesn't fit

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-PERPETUAL0.0000%1h0.6312−0.127%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.611%$7$1412xas long as short
BloFin RUNE-USDT+0.0078%8h0.6323+0.047%$433K$210K75xas long as short
Binance RUNEUSDTshort+0.0100%8h0.6308−0.184%$4.8M$16.0M75x
Bybit RUNEUSDT+0.0100%8h0.6317−0.047%$2.8M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6323+0.047%$626K$371K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6316−0.063%$3.5M$3.6M125xas long as short
KuCoin RUNEUSDTMlong+0.0100%8h0.6320long leg$975K$362K50x
Bitget RUNEUSDT+0.0100%8h0.6321+0.016%$1.5M$776K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6314−0.095%$58.9Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6339+0.307%$186K$67Kas long as short
Extended RUNE-USD+0.0104%1h0.6310−0.163%$4K$150K10xas long as short
dYdX RUNE-USD+0.0314%1h0.6332+0.188%$27K$32K5xas long as short
Coinbase International RUNE-PERP-INTX+0.0680%1h0.6395+1.187%$38K$30K25xas long as short
Kraken Futures PF_RUNEUSD+0.0956%1h0.6319−0.015%$163K$312K20xas long as short
Hyperliquid RUNE+0.1614%1h0.6323+0.044%$1.8M$1.1M5xas long as short