Funding arb · Price arb /

RUNE

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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 Bitget+0.004%7-day average −0.102% · you sell dearer than you buy

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

Long on Bitget 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 3 days (all we have)+0.064%+$6 · spread now +0.004%, 7d avg −0.102%

Together, before fees+0.050%+ Points / potential airdropVariational Omni: Active · farm board+$5 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 0.106% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RUNEUSDT	0.6586	0.0100	pay 0.0100% / 8h	7h 06m	$1.6M	$661K	50x
Short	Variational Omni RUNE	0.6586	0.0100	get 0.0100% / 8h	7h 06m	$157K	$34K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.102%: $10.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.37
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 3 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 Bitget live order book, 1 min ago	6.82 bp	43.5 bp −$43	166.4 bp −$1,664	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	7.61 bp	doesn't fit	62.4 bp −$624	doesn't fit	doesn't fit

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	−0.0054%	1h	0.6583	−0.046%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.544%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6632	+0.698%	$39K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0094%	8h	0.6611	+0.380%	$485K	$192K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6576	−0.153%	$5.2M	$13.3M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6578	−0.121%	$3.0M	$2.2M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6581	−0.076%	$663K	$357K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6578	−0.121%	$3.2M	$2.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6582	−0.061%	$927K	$256K	50x	as long as short
Bitget RUNEUSDTlong	+0.0100%	8h	0.6586	long leg	$1.6M	$661K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0100%	8h	0.6585	−0.015%	—	$58.9M	—	as long as short
Variational Omni RUNEshort	+0.0100%	8h	0.6586	+0.004%	$157K	$34K	—
Extended RUNE-USD	+0.0104%	1h	0.6577	−0.135%	$4K	$169K	10x	as long as short
Kraken Futures PF_RUNEUSD	+0.0596%	1h	0.6593	+0.102%	$195K	$247K	20x	as long as short
dYdX RUNE-USD	+0.0711%	1h	0.6590	+0.057%	$56K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1214%	1h	0.6605	+0.287%	$1.8M	$1.0M	5x	as long as short