Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1401%/8h= −153.4% APRpaid last 24h −0.036%

Price spread now: Deribit against KuCoin+0.078%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.078% dearer against KuCoin than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6433	0.0100	pay 0.0100% / 8h	1h 27m	$907K	$200K	50x
Short	Deribit RUNE_USDC-PERPETUAL	0.6438	−0.1301	pay 0.0163% / 1h	27m 01s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$294.18
Price spread: +0.078% → 0.000%: $7.77
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$305.41
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 47 min ago; Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 47 min ago	7.09 bp	59.9 bp −$60	229.6 bp −$2,296	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.1301%	1h	0.6438	+0.078%	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.321%	$7	$24	12x	as long as short
BloFin RUNE-USDT	+0.0078%	8h	0.6435	+0.031%	$456K	$157K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6431	−0.038%	$4.8M	$10.4M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6430	−0.047%	$2.7M	$1.6M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6437	+0.062%	$662K	$301K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6430	−0.047%	$3.5M	$1.7M	125x	as long as short
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6433	long leg	$907K	$200K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6440	+0.109%	$1.6M	$509K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6431	−0.031%	—	$59.1M	—	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	0.6417	−0.246%	$127K	$9K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6429	−0.064%	$4K	$170K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0112%	1h	0.6454	+0.326%	$37K	$18K	25x	as long as short
Hyperliquid RUNE	+0.0776%	1h	0.6441	+0.127%	$1.7M	$867K	5x	as long as short
dYdX RUNE-USD	+0.1225%	1h	0.6432	−0.021%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2123%	1h	0.6453	+0.308%	$188K	$229K	20x	as long as short