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: Gate against Binance−0.054%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1471.474% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 4 days (all we have)−0.391%−$39 · spread now −0.054%, 7d avg +0.062%
Together, before fees−0.326%−$33 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: Gate is 0.116% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance RUNEUSDT0.63170.0100pay 0.0100% / 8h5h 33m$4.8M$15.3M75x
ShortGate RUNE_USDT0.63140.0100get 0.0100% / 8h5h 33m$626K$372K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.054% → +0.062%
−$11.6
Slippage, 4 orders
−$122.37
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$158.97
Costs to cover
1.474%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Gate: live order book, 28 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, 7 min ago1.59 bp17.1 bp −$1768.6 bp −$686doesn't fitdoesn't fit
Sell Gate live order book, 28 min ago3.97 bp47.1 bp −$47doesn't fitdoesn'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%1h0.6155−2.571%$7$1412xas long as short
Binance RUNEUSDTlong+0.0100%8h0.6317long leg$4.8M$15.3M75x
Bybit RUNEUSDT+0.0100%8h0.6312−0.086%$2.8M$2.8M75xas long as short
Gate RUNE_USDTshort+0.0100%8h0.6314−0.054%$626K$372K50x
MEXC RUNE_USDT+0.0100%8h0.6315−0.039%$3.6M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6313−0.070%$910K$329K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6325+0.120%$1.5M$762K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6316−0.023%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6309−0.129%$185K$67Kas long as short
BloFin RUNE-USDT+0.0100%8h0.6309−0.134%$443K$191K75xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6311−0.109%$4K$164K10xas long as short
dYdX RUNE-USD+0.0181%1h0.6307−0.159%$27K$32K5xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0226%1h0.6312−0.086%10xas long as short
Coinbase International RUNE-PERP-INTX+0.0504%1h0.6326+0.136%$37K$31K25xas long as short
Hyperliquid RUNE+0.1524%1h0.6336+0.289%$1.7M$1.0M5xas long as short
Kraken Futures PF_RUNEUSD+0.2072%1h0.6314−0.048%$180K$286K20xas long as short