Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.056%

Price spread now: MEXC against Coinbase International−1.275%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 1.275% cheaper against Coinbase International than usual: you would sell low and buy high (spread −1.275% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$127 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RUNE-PERP-INTX	0.6668	0.0056	pay 0.0007% / 1h	48m 47s	$40K	$32K	25x
Short	MEXC RUNE_USDT	0.6583	0.0100	get 0.0100% / 8h	7h 48m	$3.7M	$2.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. 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 Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now −1.275%Rate

Funding earned: $9.24
Price spread: −1.275% → 0.000%: −$127.47
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$132.23
Costs to cover: 0.140%
Break-even: 107.2 days

Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 8 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 Coinbase International no order-book sample	—	—	—	—	—
Sell MEXC live order book, 8 min ago	2.25 bp	7.4 bp −$7	44.0 bp −$440	111.5 bp −$11.2K	240.6 bp −$120.3K

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0053%	1h	0.6595	−1.095%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−7.693%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTXlong	+0.0056%	1h	0.6668	long leg	$40K	$32K	25x
BloFin RUNE-USDT	+0.0096%	8h	0.6592	−1.140%	$467K	$186K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6583	−1.282%	$5.2M	$12.2M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6582	−1.290%	$2.9M	$2.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6591	−1.155%	$667K	$332K	50x	as long as short
MEXC RUNE_USDTshort	+0.0100%	8h	0.6583	−1.275%	$3.7M	$2.3M	125x
KuCoin RUNEUSDTM	+0.0100%	8h	0.6589	−1.185%	$939K	$237K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6589	−1.185%	$1.6M	$624K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0100%	8h	0.6588	−1.200%	—	$59.1M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6635	−0.488%	$131K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6582	−1.284%	$4K	$169K	10x	as long as short
dYdX RUNE-USD	+0.0439%	1h	0.6598	−1.051%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0594%	1h	0.6613	−0.824%	$195K	$235K	20x	as long as short
Hyperliquid RUNE	+0.1035%	1h	0.6597	−1.060%	$1.8M	$957K	5x	as long as short