Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni−0.509%7-day average +0.024% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.374%+$37 · spread now −0.509%, 7d avg +0.024%

Together, before fees+0.401%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$40 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: Extended is 0.533% cheaper against Variational Omni than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RUNE	0.6665	0.0100	pay 0.0100% / 8h	7h 55m	$131K	$8K	—
Short	Extended RUNE-USD	0.6631	0.0104	get 0.0013% / 1h	55m 17s	$4K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.509%Rate

Funding earned: $0.84
Price spread: −0.509% → +0.024%: −$53.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$57.47
Costs to cover: 0.050%
Break-even: 485.9 days

Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Extended: live order book, 16 min ago. 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 Variational Omni RFQ quote, 19 min ago	5.43 bp	doesn't fit	67.4 bp −$674	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	5.03 bp	25.9 bp −$26	202.3 bp −$2,023	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	−0.0503%	1h	0.6631	−0.504%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−7.646%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6668	+0.051%	$40K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0077%	8h	0.6649	−0.234%	$467K	$187K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6632	−0.489%	$5.1M	$12.0M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6635	−0.444%	$3.0M	$2.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6639	−0.384%	$683K	$321K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6638	−0.399%	$3.8M	$2.3M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6634	−0.459%	$933K	$226K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6629	−0.534%	$1.6M	$620K	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	0.6636	−0.429%	—	$59.1M	—	as long as short
Variational Omni RUNElong	+0.0100%	8h	0.6665	long leg	$131K	$8K	—
Extended RUNE-USDshort	+0.0104%	1h	0.6631	−0.509%	$4K	$165K	10x
Kraken Futures PF_RUNEUSD	+0.0593%	1h	0.6630	−0.519%	$195K	$233K	20x	as long as short
dYdX RUNE-USD	+0.0771%	1h	0.6656	−0.137%	$57K	$5K	5x	as long as short
Hyperliquid RUNE	+0.0955%	1h	0.6645	−0.290%	$1.8M	$955K	5x	as long as short