Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.057%

Price spread now: Coinbase International against KuCoin+0.631%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.631% dearer against KuCoin than usual: you sell high and buy low: +$63 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6341	0.0100	pay 0.0100% / 8h	5h 02m	$920K	$330K	50x
Short	Coinbase International RUNE-PERP-INTX	0.6381	0.0504	get 0.0063% / 1h	2m 57s	$37K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.631%Rate

Funding earned: $84.84
Price spread: +0.631% → 0.000%: $63.08
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $125.92
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 41 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 41 min ago	5.56 bp	101.2 bp −$101	261.3 bp −$2,613	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit RUNE_USDC-PERPETUAL	0.0000%	1h	0.6340	−0.016%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.933%	$7	$14	12x	as long as short
BloFin RUNE-USDT	+0.0091%	8h	0.6335	−0.095%	$446K	$193K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6341	−0.006%	$4.8M	$15.6M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6334	−0.110%	$2.8M	$2.8M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6341	0.000%	$628K	$377K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6340	−0.016%	$3.6M	$3.5M	125x	as long as short
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6341	long leg	$920K	$330K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6346	+0.079%	$1.6M	$769K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6342	+0.016%	—	$59.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6335	−0.098%	$186K	$67K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6337	−0.057%	$4K	$165K	10x	as long as short
dYdX RUNE-USD	+0.0141%	1h	0.6329	−0.193%	$27K	$32K	5x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.0504%	1h	0.6381	+0.631%	$37K	$31K	25x
Hyperliquid RUNE	+0.1529%	1h	0.6354	+0.211%	$1.7M	$1.0M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2063%	1h	0.6342	+0.024%	$181K	$286K	20x	as long as short