Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

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: Variational Omni against BingX−0.239%7-day average −0.080% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.555%+$56 · spread now −0.239%, 7d avg −0.080%

Together, before fees+0.541%+ Points / potential airdropVariational Omni: Active · farm board+$54 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: Variational Omni is 0.160% cheaper against BingX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6309	0.0100	pay 0.0100% / 8h	6h 04m	—	$59.0M	—
Short	Variational Omni RUNE	0.6294	0.0100	get 0.0100% / 8h	6h 04m	$185K	$69K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → −0.080%: −$15.98
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.98
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; Variational Omni: RFQ quote, 65 min ago. 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 BingX live order book, 5 min ago	3.98 bp	20.7 bp −$21	47.9 bp −$479	351.0 bp −$35.1K	476.5 bp −$238.3K
Sell Variational Omni RFQ quote, 65 min ago	7.61 bp	doesn't fit	62.4 bp −$624	doesn't fit	doesn't fit

RUNE on 15 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
Deribit RUNE_USDC-PERPETUAL	0.0000%	1h	0.6295	−0.222%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.441%	$7	$14	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6307	−0.032%	$4.9M	$15.1M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6305	−0.063%	$2.8M	$2.7M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6315	+0.095%	$633K	$379K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6311	+0.032%	$3.7M	$3.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6311	+0.032%	$900K	$323K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6310	+0.016%	$1.5M	$769K	50x	as long as short
BingX RUNE-USDTlong	+0.0100%	8h	0.6309	long leg	—	$59.0M	—
Variational Omni RUNEshort	+0.0100%	8h	0.6294	−0.239%	$185K	$69K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6315	+0.088%	$4K	$164K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0104%	1h	0.6327	+0.285%	$37K	$31K	25x	as long as short
dYdX RUNE-USD	+0.0613%	1h	0.6291	−0.287%	$32K	$27K	5x	as long as short
Hyperliquid RUNE	+0.0840%	1h	0.6316	+0.114%	$1.7M	$1.1M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1768%	1h	0.6316	+0.115%	$182K	$283K	20x	as long as short