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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0820%/8h= +89.8% APRnext payment +$1.03 per $10,000 · paid last 24h −0.392%
Price spread now: Coinbase International against dYdX+0.715%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.715% dearer against dYdX than usual: you sell high and buy low: +$71 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX RUNE-USD0.63840.0204pay 0.0025% / 1h36m 00s$27K$32K5x
ShortCoinbase International RUNE-PERP-INTX0.64300.1024get 0.0128% / 1h36m 00s$37K$29K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$172.24
Price spread: +0.715% → 0.000%
$71.49
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$223.72
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Coinbase International no order-book sample
dYdX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.593%$7$1412xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0064%1h0.6381−0.053%10xas long as short
BloFin RUNE-USDT+0.0097%8h0.6391+0.104%$439K$210K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6379−0.084%$5.0M$16.2M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6378−0.100%$2.9M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6385+0.010%$664K$389K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6380−0.068%$3.8M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6386+0.026%$989K$363K50xas long as short
Variational Omni RUNE+0.0100%8h0.6395+0.171%$185K$70Kas long as short
Bitget RUNEUSDT+0.0101%8h0.6388+0.057%$1.6M$771K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RUNE-USDT+0.0101%8h0.6383−0.021%$58.7Mas long as short
Extended RUNE-USD+0.0104%1h0.6375−0.141%$4K$206K10xas long as short
dYdX RUNE-USDlong+0.0204%1h0.6384long leg$27K$32K5x
Kraken Futures PF_RUNEUSD+0.0769%1h0.6381−0.050%$148K$321K20xas long as short
Coinbase International RUNE-PERP-INTXshort+0.1024%1h0.6430+0.715%$37K$29K25x
Hyperliquid RUNE+0.1444%1h0.6387+0.037%$1.8M$1.1M5xas long as short