Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0914%/8h= −100.1% APRpaid last 24h —

Price spread now: Deribit against BingX−0.137%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Deribit is 0.137% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6580	0.0100	pay 0.0100% / 8h	7h 35m	—	$59.0M	—
Short	Deribit RUNE_USDC-PERPETUAL	0.6571	−0.0814	pay 0.0102% / 1h	35m 57s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$191.97
Price spread: −0.137% → 0.000%: −$13.68
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$222.65
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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, 3 min ago	5.36 bp	19.8 bp −$20	51.5 bp −$515	342.9 bp −$34.3K	525.4 bp −$262.7K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPETUALshort	−0.0814%	1h	0.6571	−0.137%	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.459%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6590	+0.152%	$39K	$32K	25x	as long as short
BloFin RUNE-USDT	+0.0085%	8h	0.6568	−0.182%	$480K	$187K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6567	−0.197%	$5.2M	$12.5M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6584	+0.061%	$2.9M	$2.1M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6571	−0.137%	$665K	$343K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6564	−0.243%	$3.7M	$2.4M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6565	−0.228%	$925K	$237K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6581	+0.015%	$1.6M	$632K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDTlong	+0.0100%	8h	0.6580	long leg	—	$59.0M	—
Variational Omni RUNE	+0.0100%	8h	0.6563	−0.259%	$129K	$7K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6563	−0.252%	$4K	$167K	10x	as long as short
dYdX RUNE-USD	+0.0422%	1h	0.6560	−0.297%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.0597%	1h	0.6579	−0.018%	$195K	$239K	20x	as long as short
Hyperliquid RUNE	+0.0994%	1h	0.6580	−0.003%	$1.8M	$969K	5x	as long as short