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 Bitget−0.126%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1701.704% 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)+0.008%+$1 · spread now −0.126%, 7d avg −0.084%
Together, before fees+0.006%+$1 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 0.041% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.084%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RUNEUSDT0.63610.0100pay 0.0100% / 8h2h 02m$1.5M$786K50x
ShortKuCoin RUNEUSDTM0.63530.0100get 0.0100% / 8h2h 02m$980K$366K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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: −0.126% → −0.084%
−$4.13
Slippage, 4 orders
−$146.43
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$174.57
Costs to cover
1.704%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 27 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 Bitget live order book, 4 min ago3.93 bp19.5 bp −$20112.1 bp −$1,121doesn't fitdoesn't fit
Sell KuCoin live order book, 27 min ago3.18 bp46.6 bp −$47192.1 bp −$1,921doesn'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
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.238%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6352−0.148%$4.9M$16.1M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6352−0.141%$2.9M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6356−0.079%$629K$369K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6349−0.189%$3.5M$3.6M125xas long as short
KuCoin RUNEUSDTMshort+0.0100%8h0.6353−0.126%$980K$366K50x
Bitget RUNEUSDTlong+0.0100%8h0.6361long leg$1.5M$786K50x
BingX RUNE-USDT+0.0100%8h0.6352−0.141%$58.7Mas long as short
Variational Omni RUNE+0.0100%8h0.6358−0.041%$183K$69Kas long as short
Extended RUNE-USD+0.0104%1h0.6348−0.208%$4K$156K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0104%8h0.6352−0.141%$432K$210K75xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0223%1h0.6351−0.157%10xas long as short
Coinbase International RUNE-PERP-INTX+0.0624%1h0.6374+0.204%$37K$30K25xas long as short
dYdX RUNE-USD+0.0737%1h0.6345−0.246%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSD+0.0819%1h0.6357−0.056%$155K$307K20xas long as short
Hyperliquid RUNE+0.1471%1h0.6360−0.017%$1.8M$1.2M5xas long as short