Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1864%/8h= +204.1% APRpaid last 24h +0.815%

Price spread now: dYdX against BingX−0.154%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.929%+$193 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.154% cheaper against BingX than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 7 hours of funding at the current rate (+$56 a day). At the pace of the last 7 days (+1.929% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6366	0.0100	pay 0.0100% / 8h	2h 00m	—	$59.1M	—
Short	dYdX RUNE-USD	0.6356	0.1964	get 0.0246% / 1h	0m 35s	$54K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpOrdersPrice spread, now −0.154%Rate

Funding earned: $391.46
Price spread: −0.154% → 0.000%: −$15.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $356.04
Costs to cover: 0.200%
Break-even: 0.6 days

Slippage unknown: BingX: live order book, 8 min ago; dYdX: 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, 8 min ago	6.31 bp	20.3 bp −$20	51.7 bp −$517	347.5 bp −$34.8K	510.5 bp −$255.3K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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-PERPETUAL	−0.2101%	1h	0.6365	−0.016%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.314%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6362	−0.068%	$4.7M	$9.9M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6361	−0.079%	$2.7M	$1.5M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6362	−0.063%	$655K	$293K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6362	−0.063%	$3.2M	$1.6M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6363	−0.047%	$907K	$190K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6368	+0.031%	$1.6M	$474K	50x	as long as short
BingX RUNE-USDTlong	+0.0100%	8h	0.6366	long leg	—	$59.1M	—
Variational Omni RUNE	+0.0100%	8h	0.6344	−0.342%	$125K	$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	0.6361	−0.074%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0111%	8h	0.6357	−0.141%	$449K	$153K	75x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0368%	1h	0.6382	+0.251%	$38K	$16K	25x	as long as short
Hyperliquid RUNE	+0.0591%	1h	0.6377	+0.173%	$1.6M	$859K	5x	as long as short
dYdX RUNE-USDshort	+0.1964%	1h	0.6356	−0.154%	$54K	$4K	5x
Kraken Futures PF_RUNEUSD	+0.2408%	1h	0.6381	+0.239%	$176K	$214K	20x	as long as short