Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
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: KuCoin against Binance+0.008%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1951.945% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.008%, 7d avg −0.036%
Together, before fees−0.098%−$10 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: KuCoin is 0.044% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RUNEUSDT0.63680.0100pay 0.0100% / 8h6h 40m$5.0M$14.4M75x
ShortKuCoin RUNEUSDTM0.63690.0100get 0.0100% / 8h6h 40m$901K$292K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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

Funding earned
$0
Price spread: +0.008% → −0.036%
$4.41
Slippage, 4 orders
−$172.5
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$190.09
Costs to cover
1.945%
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago1.53 bp19.8 bp −$2067.9 bp −$679doesn't fitdoesn't fit
Sell KuCoin live order book, 9 min ago5.35 bp55.7 bp −$56284.8 bp −$2,848doesn't fitdoesn't fit

RUNE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUAL0.0000%1h0.6359−0.149%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.352%$7$1412xas long as short
Binance RUNEUSDTlong+0.0100%8h0.6368long leg$5.0M$14.4M75x
Bybit RUNEUSDT+0.0100%8h0.6366−0.039%$2.9M$2.5M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6376+0.118%$641K$361K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6374+0.087%$3.7M$3.1M125xas long as short
KuCoin RUNEUSDTMshort+0.0100%8h0.6369+0.008%$901K$292K50x
Bitget RUNEUSDT+0.0100%8h0.6377+0.134%$1.6M$735K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6370+0.024%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6353−0.250%$171K$54Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6351−0.267%$4K$165K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0104%1h0.6566+3.102%$39K$32K25xas long as short
BloFin RUNE-USDT+0.0127%8h0.6537+2.646%$478K$193K75xas long as short
dYdX RUNE-USD+0.0676%1h0.6369+0.016%$54K$5K5xas long as short
Hyperliquid RUNE+0.0772%1h0.6377+0.140%$1.7M$1.0M5xas long as short
Kraken Futures PF_RUNEUSD+0.1744%1h0.6405+0.567%$184K$278K20xas long as short