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: MEXC against KuCoin−0.015%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1361.355% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.015%, 7d avg +0.041%

Together, before fees+0.030%+$3 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: MEXC is 0.056% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RUNEUSDTM	0.6686	0.0100	pay 0.0100% / 8h	7h 21m	$942K	$242K	50x
Short	MEXC RUNE_USDT	0.6685	0.0100	get 0.0100% / 8h	7h 21m	$3.4M	$2.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.041%: −$5.64
Slippage, 4 orders: −$119.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$141.15
Costs to cover: 1.355%
Break-even: never at this rate

Slippage from KuCoin: live order book, 33 min ago; MEXC: live order book, 5 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, 33 min ago	9.06 bp	67.2 bp −$67	427.4 bp −$4,274	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.75 bp	6.7 bp −$7	50.4 bp −$504	120.0 bp −$12.0K	245.8 bp −$122.9K

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	0.6688	+0.030%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−7.942%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6723	+0.553%	$40K	$33K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6685	−0.015%	$5.3M	$13.1M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6685	−0.015%	$3.0M	$2.2M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6692	+0.090%	$674K	$354K	50x	as long as short
MEXC RUNE_USDTshort	+0.0100%	8h	0.6685	−0.015%	$3.4M	$2.5M	125x
KuCoin RUNEUSDTMlong	+0.0100%	8h	0.6686	long leg	$942K	$242K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6699	+0.194%	$1.7M	$658K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6687	+0.015%	—	$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	0.6626	−0.891%	$141K	$17K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6689	+0.051%	$4K	$171K	10x	as long as short
BloFin RUNE-USDT	+0.0124%	8h	0.6709	+0.344%	$482K	$192K	75x	as long as short
Kraken Futures PF_RUNEUSD	+0.0586%	1h	0.6701	+0.231%	$197K	$242K	20x	as long as short
dYdX RUNE-USD	+0.0632%	1h	0.6675	−0.162%	$57K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1068%	1h	0.6706	+0.298%	$1.8M	$976K	5x	as long as short