Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.009%
Price spread now: Bitget against BloFin+0.125%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$750.751% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 4 days (all we have)+0.243%+$24 · spread now +0.125%, 7d avg +0.032%
Together, before fees+0.314%+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.093% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin RUNE-USDT0.63870.0097pay 0.0097% / 8h7h 27m$328K$209K75x
ShortBitget RUNEUSDT0.63950.0164get 0.0164% / 8h7h 27m$1.5M$802K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$14.05
Price spread: +0.125% → +0.032%
$9.3
Slippage, 4 orders
−$51.09
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$51.74
Costs to cover
0.751%
Break-even
32.8 days
Slippage from BloFin: live order book, 40 min ago; Bitget: live order book, 4 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 BloFin live order book, 40 min ago0.78 bp12.2 bp −$1231.3 bp −$313doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.13 bp25.0 bp −$25104.4 bp −$1,044doesn'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%1h0.6155−3.632%$7$1412xas long as short
BloFin RUNE-USDTlong+0.0097%8h0.6387long leg$328K$209K75x
Binance RUNEUSDT+0.0100%8h0.6385−0.031%$5.1M$16.6M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6385−0.031%$2.9M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6392+0.078%$670K$381K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6382−0.078%$3.8M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6384−0.047%$989K$366K50xas long as short
Variational Omni RUNE+0.0100%8h0.6378−0.134%$184K$70Kas long as short
Extended RUNE-USD+0.0104%1h0.6386−0.013%$4K$209K10xas long as short
dYdX RUNE-USD+0.0144%1h0.6376−0.173%$27K$32K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RUNE-USDT+0.0159%8h0.6391+0.063%$3.9Mas long as short
Bitget RUNEUSDTshort+0.0164%8h0.6395+0.125%$1.5M$802K50x
Deribit RUNE_USDC-PERPETUAL+0.0376%1h0.6391+0.063%10xas long as short
Coinbase International RUNE-PERP-INTX+0.1160%1h0.6446+0.924%$37K$30K25xas long as short
Hyperliquid RUNE+0.1222%1h0.6390+0.050%$1.8M$1.2M5xas long as short
Kraken Futures PF_RUNEUSD+0.1682%1h0.6390+0.054%$149K$313K20xas long as short