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: Binance against KuCoin−0.110%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$1981.980% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.110%, 7d avg +0.036%

Together, before fees+0.200%+$20 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: Binance is 0.146% cheaper against KuCoin than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6329	0.0100	pay 0.0100% / 8h	6h 17m	$894K	$315K	50x
Short	Binance RUNEUSDT	0.6322	0.0100	get 0.0100% / 8h	6h 17m	$4.9M	$14.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.110%Rate

Funding earned: $0
Price spread: −0.110% → +0.036%: −$14.56
Slippage, 4 orders: −$176.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$212.61
Costs to cover: 1.980%
Break-even: never at this rate

Slippage from KuCoin: live order book, 32 min ago; Binance: live order book, 8 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 KuCoin live order book, 32 min ago	5.35 bp	101.7 bp −$102	445.7 bp −$4,457	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.58 bp	21.4 bp −$21	69.2 bp −$692	540.6 bp −$54.1K	doesn't fit

RUNE on 15 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	0.0000%	1h	0.6329	0.000%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.749%	$7	$14	12x	as long as short
Binance RUNEUSDTshort	+0.0100%	8h	0.6322	−0.110%	$4.9M	$14.8M	75x
Bybit RUNEUSDT	+0.0100%	8h	0.6325	−0.063%	$2.9M	$2.5M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6332	+0.047%	$638K	$371K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6322	−0.111%	$3.8M	$3.4M	125x	as long as short
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6329	long leg	$894K	$315K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6336	+0.111%	$1.6M	$754K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6326	−0.047%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6330	+0.013%	$186K	$69K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6320	−0.137%	$4K	$164K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0104%	1h	0.6352	+0.363%	$38K	$31K	25x	as long as short
dYdX RUNE-USD	+0.0764%	1h	0.6328	−0.017%	$45K	$15K	5x	as long as short
Hyperliquid RUNE	+0.0815%	1h	0.6331	+0.036%	$1.7M	$1.1M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1761%	1h	0.6343	+0.225%	$183K	$282K	20x	as long as short