Funding you earn now, next payment 21:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.059%
Price spread now: Variational Omni against Coinbase International−0.592%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.592% cheaper against Coinbase International than usual: you would sell low and buy high (−$59 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RUNE-PERP-INTX | 0.6382 | 0.0368 | pay 0.0046% / 1h | 3m 33s | $38K | $16K | 25x |
| Short | Variational Omni RUNE | 0.6344 | 0.0100 | get 0.0100% / 8h | 2h 03m | $125K | $9K | — |
Coinbase International RUNE-PERP-INTX
Variational Omni RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.28
- Price spread: −0.592% → 0.000%
- −$59.21
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$125.49
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 20 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 Variational Omni RFQ quote, 20 min ago | 7.82 bp | doesn't fit | 67.3 bp −$673 | doesn't fit | doesn't fit |
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 | −0.1326% | 1h | 0.6335 | −0.736% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.557% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6336 | −0.724% | $4.7M | $9.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6336 | −0.721% | $2.7M | $1.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6341 | −0.642% | $653K | $293K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6334 | −0.752% | $3.1M | $1.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6336 | −0.721% | $903K | $190K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6354 | −0.439% | $1.6M | $473K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6339 | −0.674% | — | $59.1M | — | as long as short |
| Variational Omni RUNEshort | +0.0100% | 8h | 0.6344 | −0.592% | $125K | $9K | — |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6336 | −0.722% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0126% | 8h | 0.6329 | −0.830% | $449K | $152K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTXlong | +0.0368% | 1h | 0.6382 | long leg | $38K | $16K | 25x | |
| Hyperliquid RUNE | +0.0568% | 1h | 0.6355 | −0.428% | $1.6M | $858K | 5x | as long as short |
| dYdX RUNE-USD | +0.1891% | 1h | 0.6339 | −0.678% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2418% | 1h | 0.6353 | −0.454% | $176K | $214K | 20x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
Hyperliquid RUNE
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD