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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h +0.031%
Price spread now: Injective against BingX−5.074%57s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.107%−$11 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 5.074% cheaper against BingX than usual: you would sell low and buy high (−$507 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RUNE-USDT0.64840.0163pay 0.0163% / 8h6h 00m$11.7M
ShortInjective RUNE/USDC PERP0.61550.0033get 0.0004% / 1h0m 15s$7$1412x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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
−$27.23
Price spread: −5.074% → 0.000%
−$507.4
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$544.65
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 6 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago0.77 bp13.4 bp −$1345.0 bp −$450336.1 bp −$33.6K460.9 bp −$230.4K
Sell Injective no order-book sample
Injective: 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 exchanges

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%1h0.6481−0.046%10xas long as short
Injective RUNE/USDC PERPshort+0.0033%1h0.6155−5.074%$7$1412x
Binance RUNEUSDT+0.0100%8h0.6481−0.046%$5.3M$16.9M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6482−0.031%$3.0M$3.0M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6482−0.031%$683K$387K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6481−0.046%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6483−0.015%$1.0M$361K50xas long as short
Variational Omni RUNE+0.0100%8h0.6475−0.139%$187K$72Kas long as short
Extended RUNE-USD+0.0104%1h0.6479−0.085%$5K$209K10xas long as short
BloFin RUNE-USDT+0.0122%8h0.6477−0.108%$336K$230K75xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RUNEUSDT+0.0156%8h0.6486+0.031%$1.6M$808K50xas long as short
BingX RUNE-USDTlong+0.0163%8h0.6484long leg$11.7M
dYdX RUNE-USD+0.0453%1h0.6473−0.168%$27K$32K5xas long as short
Coinbase International RUNE-PERP-INTX+0.1024%1h0.6509+0.386%$37K$28K25xas long as short
Hyperliquid RUNE+0.1432%1h0.6488+0.063%$2.0M$1.3M5xas long as short
Kraken Futures PF_RUNEUSD+0.1801%1h0.6485+0.008%$157K$312K20xas long as short