Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin0.000%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1871.867% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now 0.000%, 7d avg +0.089%

Together, before fees+0.109%+$11 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: Bitget is 0.089% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6448	0.0100	pay 0.0100% / 8h	1h 36m	$909K	$197K	50x
Short	Bitget RUNEUSDT	0.6448	0.0100	get 0.0100% / 8h	1h 36m	$1.6M	$498K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.089%: −$8.93
Slippage, 4 orders: −$162.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$195.64
Costs to cover: 1.867%
Break-even: never at this rate

Slippage from KuCoin: live order book, 38 min ago; Bitget: live order book, 1 min ago.

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 KuCoin live order book, 38 min ago	7.09 bp	59.9 bp −$60	229.6 bp −$2,296	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.42 bp	30.7 bp −$31	149.3 bp −$1,493	doesn't fit	doesn't fit

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	−0.1452%	1h	0.6451	+0.047%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.544%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6447	−0.023%	$4.8M	$10.3M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6447	−0.016%	$2.7M	$1.6M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6447	−0.016%	$663K	$298K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6441	−0.109%	$3.5M	$1.7M	125x	as long as short
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6448	long leg	$909K	$197K	50x
Bitget RUNEUSDTshort	+0.0100%	8h	0.6448	0.000%	$1.6M	$498K	50x
BingX RUNE-USDT	+0.0100%	8h	0.6444	−0.062%	—	$59.1M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6428	−0.314%	$127K	$9K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6448	+0.003%	$4K	$170K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0112%	1h	0.6438	−0.155%	$37K	$17K	25x	as long as short
BloFin RUNE-USDT	+0.0116%	8h	0.6433	−0.233%	$452K	$156K	75x	as long as short
Hyperliquid RUNE	+0.0778%	1h	0.6451	+0.043%	$1.7M	$867K	5x	as long as short
dYdX RUNE-USD	+0.1398%	1h	0.6454	+0.088%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2120%	1h	0.6462	+0.223%	$178K	$218K	20x	as long as short