Funding you earn now, next payment 09:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h +0.031%
Price spread now: Injective against Bitget−4.202%91s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 4.202% cheaper against Bitget than usual: you would sell low and buy high (−$420 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RUNEUSDT | 0.6425 | 0.0161 | pay 0.0161% / 8h | 7h 47m | $1.5M | $795K | 50x |
| Short | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | get 0.0004% / 1h | 47m 50s | $7 | $14 | 12x |
Bitget RUNEUSDT
Injective RUNE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.81
- Price spread: −4.202% → 0.000%
- −$420.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$459.06
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 4 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 4 min ago | 3.89 bp | 23.5 bp −$24 | 110.8 bp −$1,108 | doesn't fit | doesn't fit |
| 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 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 | 0.6422 | −0.047% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERPshort | +0.0033% | 1h | 0.6155 | −4.202% | $7 | $14 | 12x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6418 | −0.104% | $5.1M | $16.5M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6412 | −0.202% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6423 | −0.031% | $673K | $380K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6420 | −0.078% | $3.9M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6416 | −0.140% | $994K | $365K | 50x | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6417 | −0.125% | $185K | $70K | — | as long as short |
| dYdX RUNE-USD | +0.0104% | 1h | 0.6409 | −0.242% | $27K | $32K | 5x | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6414 | −0.167% | $4K | $212K | 10x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Variational Omni RUNE
dYdX RUNE-USD
Extended RUNE-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDT | +0.0126% | 8h | 0.6409 | −0.249% | $326K | $210K | 75x | as long as short |
| BingX RUNE-USDT | +0.0160% | 8h | 0.6415 | −0.156% | — | $3.9M | — | as long as short |
| Bitget RUNEUSDTlong | +0.0161% | 8h | 0.6425 | long leg | $1.5M | $795K | 50x | |
| Coinbase International RUNE-PERP-INTX | +0.1160% | 1h | 0.6446 | +0.327% | $37K | $30K | 25x | as long as short |
| Hyperliquid RUNE | +0.1437% | 1h | 0.6421 | −0.061% | $1.8M | $1.2M | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1673% | 1h | 0.6423 | −0.035% | $150K | $313K | 20x | as long as short |
BloFin RUNE-USDT
BingX RUNE-USDT
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE
Kraken Futures PF_RUNEUSD