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: BingX against MEXC+0.076%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.076%, 7d avg +0.013%

Together, before fees+0.010%+$1 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: BingX is 0.063% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RUNE_USDT	0.6606	0.0100	pay 0.0100% / 8h	7h 12m	$3.3M	$2.5M	125x
Short	BingX RUNE-USDT	0.6611	0.0100	get 0.0100% / 8h	7h 12m	—	$58.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.013%: $6.27
Slippage, 4 orders: −$49.28
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.01
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 11 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 MEXC live order book, 5 min ago	1.51 bp	8.2 bp −$8	31.7 bp −$317	110.4 bp −$11.0K	242.9 bp −$121.4K
Sell BingX live order book, 11 min ago	6.74 bp	23.2 bp −$23	52.1 bp −$521	326.4 bp −$32.6K	493.6 bp −$246.8K

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	−0.0203%	1h	0.6622	+0.242%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.827%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6707	+1.529%	$40K	$32K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6605	−0.021%	$5.2M	$13.2M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6608	+0.030%	$3.0M	$2.2M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6615	+0.136%	$666K	$356K	50x	as long as short
MEXC RUNE_USDTlong	+0.0100%	8h	0.6606	long leg	$3.3M	$2.5M	125x
KuCoin RUNEUSDTM	+0.0100%	8h	0.6604	−0.030%	$935K	$254K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6617	+0.167%	$1.6M	$661K	50x	as long as short
BingX RUNE-USDTshort	+0.0100%	8h	0.6611	+0.076%	—	$58.9M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6628	+0.340%	$158K	$34K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6603	−0.038%	$4K	$171K	10x	as long as short
BloFin RUNE-USDT	+0.0117%	8h	0.6628	+0.333%	$485K	$193K	75x	as long as short
Kraken Futures PF_RUNEUSD	+0.0592%	1h	0.6637	+0.471%	$197K	$246K	20x	as long as short
dYdX RUNE-USD	+0.0732%	1h	0.6608	+0.029%	$56K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1105%	1h	0.6622	+0.239%	$1.8M	$999K	5x	as long as short