Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

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: Bybit against KuCoin0.000%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2312.312% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now 0.000%, 7d avg +0.038%

Together, before fees+0.105%+$10 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: Bybit is 0.038% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6328	0.0100	pay 0.0100% / 8h	6h 25m	$894K	$313K	50x
Short	Bybit RUNEUSDT	0.6328	0.0100	get 0.0100% / 8h	6h 25m	$2.9M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.038%: −$3.78
Slippage, 4 orders: −$208.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$235.01
Costs to cover: 2.312%
Break-even: never at this rate

Slippage from KuCoin: live order book, 24 min ago; Bybit: 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, 24 min ago	5.35 bp	101.7 bp −$102	445.7 bp −$4,457	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.32 bp	36.7 bp −$37	69.4 bp −$694	doesn't fit	doesn't fit

RUNE on 15 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
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.734%	$7	$14	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6329	+0.009%	$4.9M	$14.7M	75x	as long as short
Bybit RUNEUSDTshort	+0.0100%	8h	0.6328	0.000%	$2.9M	$2.5M	75x
Gate RUNE_USDT	+0.0100%	8h	0.6328	0.000%	$637K	$369K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6327	−0.016%	$3.9M	$3.4M	125x	as long as short
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6328	long leg	$894K	$313K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6337	+0.142%	$1.6M	$749K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6327	−0.016%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6335	+0.110%	$186K	$69K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6326	−0.027%	$4K	$164K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International RUNE-PERP-INTX	+0.0104%	1h	0.6368	+0.632%	$38K	$31K	25x	as long as short
Deribit RUNE_USDC-PERPETUAL	+0.0224%	1h	0.6330	+0.032%	—	—	10x	as long as short
dYdX RUNE-USD	+0.0563%	1h	0.6316	−0.193%	$54K	$5K	5x	as long as short
Hyperliquid RUNE	+0.0712%	1h	0.6334	+0.092%	$1.7M	$1.1M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1762%	1h	0.6338	+0.160%	$183K	$282K	20x	as long as short