Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0670%/8h= +73.4% APRpaid last 24h +0.734%

Price spread now: dYdX against KuCoin−0.133%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.994%+$199 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.133% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 16 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6408	0.0100	pay 0.0100% / 8h	6h 43m	$905K	$282K	50x
Short	dYdX RUNE-USD	0.6399	0.0770	get 0.0096% / 1h	43m 14s	$55K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $140.8
Price spread: −0.133% → 0.000%: −$13.28
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $105.52
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: KuCoin: live order book, 6 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 6 min ago	5.35 bp	101.7 bp −$102	445.7 bp −$4,457	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit RUNE_USDC-PERPETUAL	0.0000%	1h	0.6398	−0.156%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.948%	$7	$14	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6391	−0.264%	$5.0M	$14.3M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6389	−0.297%	$2.9M	$2.5M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6406	−0.031%	$645K	$356K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6408	0.000%	$3.7M	$3.1M	125x	as long as short
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6408	long leg	$905K	$282K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6413	+0.078%	$1.6M	$713K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6404	−0.062%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6415	+0.102%	$156K	$37K	—	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	0.6400	−0.130%	$4K	$165K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0104%	1h	0.6566	+2.466%	$39K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0127%	8h	0.6537	+2.013%	$478K	$193K	75x	as long as short
dYdX RUNE-USDshort	+0.0770%	1h	0.6399	−0.133%	$55K	$5K	5x
Hyperliquid RUNE	+0.0901%	1h	0.6411	+0.051%	$1.8M	$1.0M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1746%	1h	0.6395	−0.200%	$184K	$274K	20x	as long as short