Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX+0.016%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1041.044% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.016%, 7d avg −0.016%

Together, before fees−0.063%−$6 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 0.031% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6429	0.0100	pay 0.0100% / 8h	1h 29m	—	$59.1M	—
Short	Bybit RUNEUSDT	0.6430	0.0100	get 0.0100% / 8h	1h 29m	$2.7M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.016%: $3.15
Slippage, 4 orders: −$83.39
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$101.24
Costs to cover: 1.044%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 3 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, 10 min ago	5.45 bp	19.9 bp −$20	55.7 bp −$557	321.7 bp −$32.2K	479.4 bp −$239.7K
Sell Bybit live order book, 3 min ago	5.45 bp	35.7 bp −$36	67.8 bp −$678	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	−0.1146%	1h	0.6437	+0.124%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.262%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6426	−0.041%	$4.8M	$10.4M	75x	as long as short
Bybit RUNEUSDTshort	+0.0100%	8h	0.6430	+0.016%	$2.7M	$1.6M	75x
Gate RUNE_USDT	+0.0100%	8h	0.6429	0.000%	$661K	$299K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6430	+0.016%	$3.5M	$1.7M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6432	+0.047%	$907K	$200K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6437	+0.124%	$1.6M	$508K	50x	as long as short
BingX RUNE-USDTlong	+0.0100%	8h	0.6429	long leg	—	$59.1M	—
Variational Omni RUNE	+0.0100%	8h	0.6417	−0.184%	$127K	$9K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6438	+0.136%	$4K	$170K	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0112%	1h	0.6454	+0.389%	$37K	$18K	25x	as long as short
BloFin RUNE-USDT	+0.0123%	8h	0.6429	0.000%	$456K	$157K	75x	as long as short
Hyperliquid RUNE	+0.0775%	1h	0.6442	+0.196%	$1.7M	$867K	5x	as long as short
dYdX RUNE-USD	+0.1160%	1h	0.6426	−0.051%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2130%	1h	0.6434	+0.079%	$187K	$228K	20x	as long as short