Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1304%/8h= −142.8% APRpaid last 24h −0.760%

Price spread now: Binance against dYdX+0.009%59s7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−2.043%−$204 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$39 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX RUNE-USD	0.6460	0.1404	pay 0.0176% / 1h	18m 46s	$55K	$4K	5x
Short	Binance RUNEUSDT	0.6460	0.0100	get 0.0100% / 8h	18m 46s	$4.9M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$273.89
Price spread: +0.009% → 0.000%: $0.95
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$292.94
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 6 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	2.34 bp	18.2 bp −$18	52.6 bp −$526	doesn't fit	doesn't fit

dYdX: 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	−0.0675%	1h	0.6477	+0.271%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0024%	1h	0.6477	+0.271%	$42K	$28K	25x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.714%	$7	$24	12x	as long as short
BloFin RUNE-USDT	+0.0075%	8h	0.6476	+0.255%	$458K	$162K	75x	as long as short
Binance RUNEUSDTshort	+0.0100%	8h	0.6460	+0.009%	$4.9M	$10.9M	75x
Bybit RUNEUSDT	+0.0100%	8h	0.6468	+0.131%	$2.7M	$1.7M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6477	+0.271%	$666K	$315K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6475	+0.240%	$3.5M	$1.8M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6469	+0.147%	$898K	$212K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6479	+0.302%	$1.6M	$547K	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	0.6473	+0.209%	—	$59.1M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6452	−0.122%	$127K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6471	+0.174%	$4K	$170K	10x	as long as short
Hyperliquid RUNE	+0.1086%	1h	0.6484	+0.379%	$1.8M	$935K	5x	as long as short
dYdX RUNE-USDlong	+0.1404%	1h	0.6460	long leg	$55K	$4K	5x
Kraken Futures PF_RUNEUSD	+0.1681%	1h	0.6481	+0.329%	$191K	$230K	20x	as long as short