Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
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: Bybit against Binance+0.031%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1101.095% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.031%, 7d avg −0.006%
Together, before fees−0.014%−$1 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: Bybit is 0.037% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RUNEUSDT0.63960.0100pay 0.0100% / 8h38m 10s$5.0M$16.2M75x
ShortBybit RUNEUSDT0.63980.0100get 0.0100% / 8h38m 10s$2.9M$2.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Funding earned
$0
Price spread: +0.031% → −0.006%
$3.73
Slippage, 4 orders
−$88.51
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$105.78
Costs to cover
1.095%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago1.57 bp21.3 bp −$2162.0 bp −$620doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago3.90 bp37.1 bp −$3767.1 bp −$671doesn't fitdoesn't fit

RUNE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.768%$7$1412xas long as short
Binance RUNEUSDTlong+0.0100%8h0.6396long leg$5.0M$16.2M75x
Bybit RUNEUSDTshort+0.0100%8h0.6398+0.031%$2.9M$2.9M75x
Gate RUNE_USDT+0.0100%8h0.6404+0.125%$637K$370K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6401+0.078%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6395−0.016%$991K$365K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6409+0.203%$1.6M$771K50xas long as short
Variational Omni RUNE+0.0100%8h0.6395−0.012%$185K$70Kas long as short
BingX RUNE-USDT+0.0100%8h0.6399+0.047%$58.7Mas long as short
Extended RUNE-USD+0.0104%1h0.6399+0.049%$4K$208K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0119%8h0.6390−0.094%$439K$210K75xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0219%1h0.6398+0.031%10xas long as short
dYdX RUNE-USD+0.0223%1h0.6384−0.182%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSD+0.0767%1h0.6399+0.054%$148K$321K20xas long as short
Coinbase International RUNE-PERP-INTX+0.1024%1h0.6430+0.532%$37K$29K25xas long as short
Hyperliquid RUNE+0.1439%1h0.6405+0.138%$1.8M$1.1M5xas long as short