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 BingX+0.031%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1661.659% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.031%, 7d avg −0.064%
Together, before fees−0.135%−$13 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 0.095% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RUNE-USDT0.63790.0100pay 0.0100% / 8h1h 15m$58.7M
ShortKuCoin RUNEUSDTM0.63810.0100get 0.0100% / 8h1h 15m$985K$365K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: +0.031% → −0.064%
$9.51
Slippage, 4 orders
−$143.94
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$156.43
Costs to cover
1.659%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 8 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 BingX live order book, 8 min ago3.92 bp19.0 bp −$1945.9 bp −$459307.4 bp −$30.7K445.0 bp −$222.5K
Sell KuCoin live order book, 8 min ago7.06 bp38.7 bp −$39223.9 bp −$2,239doesn'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%1h0.6377−0.031%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.512%$7$1412xas long as short
BloFin RUNE-USDT+0.0100%8h0.6381+0.031%$437K$208K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6374−0.078%$4.9M$16.1M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.63790.000%$2.9M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6381+0.031%$632K$366K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6373−0.094%$3.5M$3.6M125xas long as short
KuCoin RUNEUSDTMshort+0.0100%8h0.6381+0.031%$985K$365K50x
Bitget RUNEUSDT+0.0100%8h0.6386+0.110%$1.6M$771K50xas long as short
BingX RUNE-USDTlong+0.0100%8h0.6379long leg$58.7M
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6368−0.174%$184K$70Kas long as short
Extended RUNE-USD+0.0104%1h0.6373−0.094%$6K$87K10xas long as short
Kraken Futures PF_RUNEUSD+0.0854%1h0.6378−0.011%$148K$321K20xas long as short
Coinbase International RUNE-PERP-INTX+0.0864%1h0.6408+0.455%$37K$30K25xas long as short
dYdX RUNE-USD+0.0925%1h0.6373−0.097%$27K$32K5xas long as short
Hyperliquid RUNE+0.1544%1h0.6385+0.099%$1.8M$1.1M5xas long as short