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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.050%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$890.889% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.050%, 7d avg −0.029%
Together, before fees+0.031%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RUNEUSDT0.63280.0100pay 0.0100% / 8h1h 55m$4.9M$16.2M75x
ShortExtended RUNE-USD0.63250.0104get 0.0013% / 1h55m 51s$4K$156K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.050% → −0.029%
−$2.14
Slippage, 4 orders
−$73.9
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$90.21
Costs to cover
0.889%
Break-even
758.7 days
Slippage from Binance: live order book, 15 min ago; Extended: live order book, 50 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, 15 min ago1.58 bp16.1 bp −$1658.0 bp −$580doesn't fitdoesn't fit
Sell Extended live order book, 50 min ago5.24 bp24.8 bp −$25243.7 bp −$2,437doesn'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
Deribit RUNE_USDC-PERPETUAL0.0000%1h0.6327−0.011%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.730%$7$1412xas long as short
dYdX RUNE-USD+0.0089%1h0.6340+0.198%$27K$32K5xas long as short
Binance RUNEUSDTlong+0.0100%8h0.6328long leg$4.9M$16.2M75x
Bybit RUNEUSDT+0.0100%8h0.6330+0.036%$2.8M$2.9M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6335+0.115%$627K$364K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6324−0.059%$3.4M$3.6M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6335+0.115%$977K$367K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6339+0.178%$1.5M$786K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6332+0.068%$58.7Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6329+0.026%$183K$70Kas long as short
Extended RUNE-USDshort+0.0104%1h0.6325−0.050%$4K$156K10x
BloFin RUNE-USDT+0.0116%8h0.6330+0.036%$434K$210K75xas long as short
Kraken Futures PF_RUNEUSD+0.0861%1h0.6328−0.001%$153K$306K20xas long as short
Coinbase International RUNE-PERP-INTX+0.0864%1h0.6374+0.731%$37K$30K25xas long as short
Hyperliquid RUNE+0.1439%1h0.6340+0.200%$1.8M$1.2M5xas long as short