Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h —

Price spread now: Deribit against MEXC−0.030%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.030% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RUNE_USDT	0.6625	0.0100	pay 0.0100% / 8h	7h 52m	$3.8M	$2.3M	125x
Short	Deribit RUNE_USDC-PERPETUAL	0.6623	−0.0052	pay 0.0006% / 1h	52m 14s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$31.9
Price spread: −0.030% → 0.000%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.92
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Deribit: 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 MEXC live order book, 5 min ago	2.25 bp	8.7 bp −$9	19.6 bp −$196	91.0 bp −$9,103	215.5 bp −$107.8K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.0052%	1h	0.6623	−0.030%	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−7.094%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6668	+0.649%	$40K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0099%	8h	0.6618	−0.106%	$470K	$186K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6617	−0.121%	$5.2M	$12.1M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6620	−0.075%	$3.0M	$2.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6619	−0.091%	$671K	$327K	50x	as long as short
MEXC RUNE_USDTlong	+0.0100%	8h	0.6625	long leg	$3.8M	$2.3M	125x
KuCoin RUNEUSDTM	+0.0100%	8h	0.6619	−0.091%	$943K	$236K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6624	−0.015%	$1.6M	$622K	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	0.6629	+0.060%	—	$59.1M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6665	+0.598%	$131K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6628	+0.040%	$4K	$169K	10x	as long as short
dYdX RUNE-USD	+0.0459%	1h	0.6598	−0.408%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0594%	1h	0.6622	−0.047%	$195K	$235K	20x	as long as short
Hyperliquid RUNE	+0.1050%	1h	0.6633	+0.116%	$1.8M	$955K	5x	as long as short