Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h —

Price spread now: Deribit against MEXC+0.127%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 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 0.127% dearer against MEXC than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RUNE_USDT	0.6319	0.0100	pay 0.0100% / 8h	4h 46m	$3.5M	$3.5M	125x
Short	Deribit RUNE_USDC-PERPETUAL	0.6327	0.0066	get 0.0008% / 1h	46m 30s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$7.1
Price spread: +0.127% → 0.000%: $12.66
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$5.44
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.58 bp	8.1 bp −$8	45.9 bp −$459	113.4 bp −$11.3K	237.9 bp −$119.0K
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
dYdX RUNE-USD	+0.0004%	1h	0.6318	−0.009%	$27K	$32K	5x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.595%	$7	$14	12x	as long as short
Deribit RUNE_USDC-PERPETUALshort	+0.0066%	1h	0.6327	+0.127%	—	—	10x
BloFin RUNE-USDT	+0.0074%	8h	0.6327	+0.127%	$447K	$193K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6318	−0.016%	$4.8M	$15.6M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6321	+0.032%	$2.8M	$2.8M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6326	+0.111%	$627K	$366K	50x	as long as short
MEXC RUNE_USDTlong	+0.0100%	8h	0.6319	long leg	$3.5M	$3.5M	125x
KuCoin RUNEUSDTM	+0.0100%	8h	0.6324	+0.079%	$909K	$333K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6330	+0.174%	$1.5M	$774K	50x	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	+0.0100%	8h	0.6320	+0.016%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6324	+0.085%	$186K	$67K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6316	−0.054%	$4K	$164K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0680%	1h	0.6381	+0.981%	$37K	$31K	25x	as long as short
Kraken Futures PF_RUNEUSD	+0.0991%	1h	0.6329	+0.156%	$180K	$286K	20x	as long as short
Hyperliquid RUNE	+0.1696%	1h	0.6333	+0.220%	$1.7M	$1.0M	5x	as long as short