Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

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: Bitget against BingX−0.015%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.015%, 7d avg +0.025%

Together, before fees+0.019%+$2 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: Bitget is 0.040% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6582	0.0100	pay 0.0100% / 8h	7h 58m	—	$59.1M	—
Short	Bitget RUNEUSDT	0.6581	0.0100	get 0.0100% / 8h	7h 58m	$1.6M	$604K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.025%: −$4
Slippage, 4 orders: −$74.24
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.24
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from BingX: live order book, 16 min ago; Bitget: live order book, 8 min ago.

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 BingX live order book, 16 min ago	5.43 bp	20.3 bp −$20	57.2 bp −$572	346.1 bp −$34.6K	482.7 bp −$241.3K
Sell Bitget live order book, 8 min ago	3.82 bp	28.5 bp −$28	148.1 bp −$1,481	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
dYdX RUNE-USD	0.0000%	1h	0.6578	−0.061%	$56K	$5K	5x	as long as short
Deribit RUNE_USDC-PERPETUAL	0.0000%	1h	0.6593	+0.167%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.487%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6617	+0.532%	$42K	$29K	25x	as long as short
BloFin RUNE-USDT	+0.0093%	8h	0.6586	+0.061%	$463K	$185K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6582	−0.001%	$5.1M	$11.7M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6575	−0.106%	$3.0M	$2.0M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6573	−0.137%	$675K	$316K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6574	−0.122%	$3.7M	$2.1M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6573	−0.137%	$913K	$220K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RUNEUSDTshort	+0.0100%	8h	0.6581	−0.015%	$1.6M	$604K	50x
BingX RUNE-USDTlong	+0.0100%	8h	0.6582	long leg	—	$59.1M	—
Variational Omni RUNE	+0.0100%	8h	0.6595	+0.192%	$130K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6571	−0.161%	$4K	$165K	10x	as long as short
Kraken Futures PF_RUNEUSD	+0.0597%	1h	0.6586	+0.064%	$194K	$233K	20x	as long as short
Hyperliquid RUNE	+0.0713%	1h	0.6588	+0.093%	$1.8M	$954K	5x	as long as short