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 Gate+0.182%7-day average −0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1971.973% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.182%, 7d avg −0.098%

Together, before fees−0.264%−$26 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 0.280% dearer against Gate than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RUNE_USDT	0.6607	0.0100	pay 0.0100% / 8h	7h 52m	$670K	$327K	50x
Short	KuCoin RUNEUSDTM	0.6619	0.0100	get 0.0100% / 8h	7h 52m	$943K	$236K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → −0.098%: $27.97
Slippage, 4 orders: −$170.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$169.35
Costs to cover: 1.973%
Break-even: never at this rate

Slippage from Gate: live order book, 19 min ago; KuCoin: live order book, 2 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 Gate live order book, 19 min ago	3.09 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 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	−0.0204%	1h	0.6612	+0.076%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.841%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6668	+0.923%	$40K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0099%	8h	0.6618	+0.166%	$470K	$186K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6621	+0.214%	$5.2M	$12.1M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6621	+0.212%	$3.0M	$2.1M	75x	as long as short
Gate RUNE_USDTlong	+0.0100%	8h	0.6607	long leg	$670K	$327K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6625	+0.272%	$3.8M	$2.3M	125x	as long as short
KuCoin RUNEUSDTMshort	+0.0100%	8h	0.6619	+0.182%	$943K	$236K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6624	+0.257%	$1.6M	$622K	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	0.6629	+0.333%	—	$59.1M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6665	+0.872%	$131K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6593	−0.218%	$4K	$169K	10x	as long as short
dYdX RUNE-USD	+0.0459%	1h	0.6598	−0.137%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0593%	1h	0.6625	+0.273%	$195K	$235K	20x	as long as short
Hyperliquid RUNE	+0.1050%	1h	0.6633	+0.389%	$1.8M	$955K	5x	as long as short