Funding arb · Price arb /

RUNE

all RUNE markets

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: KuCoin against Bybit−0.015%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1981.980% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now −0.015%, 7d avg −0.039%

Together, before fees−0.112%−$11 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 0.024% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RUNEUSDT	0.6666	0.0100	pay 0.0100% / 8h	7h 24m	$3.0M	$2.1M	75x
Short	KuCoin RUNEUSDTM	0.6665	0.0100	get 0.0100% / 8h	7h 24m	$939K	$241K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.039%: $2.42
Slippage, 4 orders: −$175
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$195.58
Costs to cover: 1.980%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 30 min ago.

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 Bybit live order book, 3 min ago	3.78 bp	40.8 bp −$41	73.8 bp −$738	doesn't fit	doesn't fit
Sell KuCoin live order book, 30 min ago	9.06 bp	53.4 bp −$53	191.2 bp −$1,912	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	−0.0050%	1h	0.6669	+0.045%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−7.666%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6670	+0.060%	$40K	$32K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6664	−0.030%	$5.3M	$12.7M	75x	as long as short
Bybit RUNEUSDTlong	+0.0100%	8h	0.6666	long leg	$3.0M	$2.1M	75x
Gate RUNE_USDT	+0.0100%	8h	0.6666	0.000%	$672K	$349K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6661	−0.075%	$3.5M	$2.5M	125x	as long as short
KuCoin RUNEUSDTMshort	+0.0100%	8h	0.6665	−0.015%	$939K	$241K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6674	+0.120%	$1.7M	$635K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6668	+0.030%	—	$59.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6626	−0.594%	$141K	$17K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6662	−0.057%	$4K	$171K	10x	as long as short
BloFin RUNE-USDT	+0.0114%	8h	0.6650	−0.240%	$482K	$190K	75x	as long as short
Kraken Futures PF_RUNEUSD	+0.0589%	1h	0.6672	+0.091%	$197K	$240K	20x	as long as short
dYdX RUNE-USD	+0.0596%	1h	0.6646	−0.301%	$57K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1072%	1h	0.6673	+0.102%	$1.8M	$975K	5x	as long as short