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: Gate against KuCoin+0.046%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

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

Long on KuCoin Short on Gate

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)+0.044%+$4 · spread now +0.046%, 7d avg +0.099%

Together, before fees+0.047%+$5 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: Gate is 0.053% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6589	0.0100	pay 0.0100% / 8h	7h 48m	$939K	$237K	50x
Short	Gate RUNE_USDT	0.6592	0.0100	get 0.0100% / 8h	7h 48m	$667K	$334K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.099%: −$5.3
Slippage, 4 orders: −$170.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$202.62
Costs to cover: 1.973%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 23 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, 6 min ago	9.06 bp	67.2 bp −$67	427.4 bp −$4,274	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	3.09 bp	43.4 bp −$43	doesn't fit	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	−0.0053%	1h	0.6595	+0.091%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.587%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6668	+1.199%	$40K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0096%	8h	0.6592	+0.046%	$467K	$186K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6600	+0.161%	$5.2M	$12.2M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6605	+0.243%	$2.9M	$2.1M	75x	as long as short
Gate RUNE_USDTshort	+0.0100%	8h	0.6592	+0.046%	$667K	$334K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6583	−0.091%	$3.7M	$2.3M	125x	as long as short
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6589	long leg	$939K	$237K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6602	+0.197%	$1.6M	$624K	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	0.6588	−0.015%	—	$59.1M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6635	+0.705%	$131K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6582	−0.100%	$4K	$169K	10x	as long as short
dYdX RUNE-USD	+0.0439%	1h	0.6598	+0.136%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0594%	1h	0.6613	+0.366%	$195K	$235K	20x	as long as short
Hyperliquid RUNE	+0.1035%	1h	0.6597	+0.126%	$1.8M	$957K	5x	as long as short