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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin+0.094%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$2032.027% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 4 days (all we have)+0.432%+$43 · spread now +0.094%, 7d avg +0.042%
Together, before fees+0.387%+$39 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: Bybit is 0.052% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RUNEUSDTM0.63530.0100pay 0.0100% / 8h3h 30m$906K$187K50x
ShortBybit RUNEUSDT0.63590.0100get 0.0100% / 8h3h 30m$2.7M$1.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.094% → +0.042%
$5.21
Slippage, 4 orders
−$179.68
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$197.47
Costs to cover
2.027%
Break-even
never at this rate
Slippage from KuCoin: live order book, 13 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 13 min ago5.53 bp58.0 bp −$58186.3 bp −$1,863doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago6.30 bp41.6 bp −$4272.8 bp −$728doesn't fitdoesn't fit

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
Deribit RUNE_USDC-PERPETUAL−0.0693%1h0.6356+0.047%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.117%$7$2412xas long as short
Binance RUNEUSDT+0.0100%8h0.6357+0.066%$4.7M$9.3M75xas long as short
Bybit RUNEUSDTshort+0.0100%8h0.6359+0.094%$2.7M$1.4M75x
Gate RUNE_USDT+0.0100%8h0.6354+0.016%$654K$283K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6355+0.031%$2.6M$1.5M125xas long as short
KuCoin RUNEUSDTMlong+0.0100%8h0.6353long leg$906K$187K50x
Bitget RUNEUSDT+0.0100%8h0.6367+0.220%$1.5M$446K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6354+0.016%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6362+0.143%$126K$9Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6354+0.015%$4K$170K10xas long as short
BloFin RUNE-USDT+0.0105%8h0.6361+0.126%$454K$126K75xas long as short
Coinbase International RUNE-PERP-INTX+0.0320%1h0.6401+0.756%$38K$16K25xas long as short
Hyperliquid RUNE+0.1214%1h0.6373+0.309%$1.7M$837K5xas long as short
Kraken Futures PF_RUNEUSD+0.1916%1h0.6374+0.333%$176K$223K20xas long as short
dYdX RUNE-USD+0.2182%1h0.6352−0.010%$54K$4K5xas long as short