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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.125%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$2052.050% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 4 days (all we have)−0.558%−$56 · spread now +0.125%, 7d avg +0.061%
Together, before fees−0.510%−$51 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: Gate is 0.064% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RUNEUSDT0.64050.0100pay 0.0100% / 8h7h 34m$2.9M$2.9M75x
ShortGate RUNE_USDT0.64130.0100get 0.0100% / 8h7h 34m$672K$380K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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: +0.125% → +0.061%
$6.41
Slippage, 4 orders
−$178.98
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$198.57
Costs to cover
2.050%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 61 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 Bybit live order book, 2 min ago0.78 bp36.0 bp −$3667.9 bp −$679doesn't fitdoesn't fit
Sell Gate live order book, 61 min ago3.91 bp73.2 bp −$73doesn't fitdoesn'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
Deribit RUNE_USDC-PERPETUAL0.0000%1h0.64050.000%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.903%$7$1412xas long as short
BloFin RUNE-USDT+0.0088%8h0.6404−0.016%$327K$210K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6404−0.019%$5.1M$16.6M75xas long as short
Bybit RUNEUSDTlong+0.0100%8h0.6405long leg$2.9M$2.9M75x
Gate RUNE_USDTshort+0.0100%8h0.6413+0.125%$672K$380K50x
MEXC RUNE_USDT+0.0100%8h0.6404−0.016%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6406+0.016%$993K$365K50xas long as short
Variational Omni RUNE+0.0100%8h0.6398−0.110%$185K$70Kas long as short
Extended RUNE-USD+0.0104%1h0.6400−0.073%$4K$212K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RUNE-USDT+0.0161%8h0.6409+0.062%$3.9Mas long as short
Bitget RUNEUSDT+0.0163%8h0.6406+0.016%$1.5M$797K50xas long as short
dYdX RUNE-USD+0.0192%1h0.6399−0.087%$27K$32K5xas long as short
Coinbase International RUNE-PERP-INTX+0.1160%1h0.6446+0.640%$37K$30K25xas long as short
Hyperliquid RUNE+0.1321%1h0.6412+0.106%$1.8M$1.2M5xas long as short
Kraken Futures PF_RUNEUSD+0.1676%1h0.6410+0.083%$149K$314K20xas long as short