Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1060%/8h= +116.1% APRpaid last 24h +0.099%

Price spread now: Coinbase International against MEXC+0.446%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Coinbase International is 0.446% dearer against MEXC than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RUNE_USDT	0.6504	0.0100	pay 0.0100% / 8h	7h 10m	$4.1M	$3.9M	125x
Short	Coinbase International RUNE-PERP-INTX	0.6533	0.1160	get 0.0145% / 1h	10m 57s	$37K	$29K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.446%Rate

Funding earned: $222.6
Price spread: +0.446% → 0.000%: $44.59
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $253.19
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Coinbase International: 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 MEXC live order book, 1 min ago	4.61 bp	11.1 bp −$11	25.8 bp −$258	99.4 bp −$9,941	209.4 bp −$104.7K
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−5.366%	$7	$14	12x	as long as short
Deribit RUNE_USDC-PERPETUAL	+0.0057%	1h	0.6507	+0.046%	—	—	10x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6504	−0.004%	$5.2M	$16.8M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6500	−0.062%	$2.9M	$3.0M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6513	+0.138%	$681K	$385K	50x	as long as short
MEXC RUNE_USDTlong	+0.0100%	8h	0.6504	long leg	$4.1M	$3.9M	125x
KuCoin RUNEUSDTM	+0.0100%	8h	0.6509	+0.077%	$1.0M	$367K	50x	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6476	−0.430%	$188K	$71K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6501	−0.040%	$7K	$213K	10x	as long as short
BloFin RUNE-USDT	+0.0107%	8h	0.6511	+0.108%	$326K	$212K	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0190%	8h	0.6505	+0.015%	—	$3.9M	—	as long as short
Bitget RUNEUSDT	+0.0192%	8h	0.6515	+0.169%	$1.6M	$802K	50x	as long as short
dYdX RUNE-USD	+0.0324%	1h	0.6497	−0.109%	$28K	$32K	5x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.1160%	1h	0.6533	+0.446%	$37K	$29K	25x
Hyperliquid RUNE	+0.1313%	1h	0.6521	+0.260%	$2.0M	$1.3M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1650%	1h	0.6513	+0.134%	$152K	$313K	20x	as long as short