Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX−0.106%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$990.995% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.106%, 7d avg −0.060%
Together, before fees+0.064%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.046% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RUNE-USDT0.62960.0100pay 0.0100% / 8h6h 01m$59.0M
ShortExtended RUNE-USD0.62890.0104get 0.0013% / 1h1m 36s$4K$166K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.106% → −0.060%
−$4.64
Slippage, 4 orders
−$84.45
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$103.25
Costs to cover
0.995%
Break-even
867.4 days
Slippage from BingX: live order book, 7 min ago; Extended: live order book, 64 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 BingX live order book, 7 min ago3.98 bp20.7 bp −$2147.9 bp −$479351.0 bp −$35.1K476.5 bp −$238.3K
Sell Extended live order book, 64 min ago5.09 bp26.1 bp −$26203.5 bp −$2,035doesn't fitdoesn't fit

RUNE on 15 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
Deribit RUNE_USDC-PERPETUAL0.0000%1h0.6303+0.111%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.240%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6292−0.068%$4.8M$15.1M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6291−0.079%$2.8M$2.7M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6298+0.032%$631K$379K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6290−0.095%$3.7M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6299+0.048%$898K$322K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6302+0.095%$1.5M$768K50xas long as short
BingX RUNE-USDTlong+0.0100%8h0.6296long leg$59.0M
Variational Omni RUNE+0.0100%8h0.6294−0.033%$185K$69Kas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDshort+0.0104%1h0.6289−0.106%$4K$166K10x
Coinbase International RUNE-PERP-INTX+0.0104%1h0.6327+0.492%$37K$31K25xas long as short
dYdX RUNE-USD+0.0581%1h0.6301+0.077%$27K$32K5xas long as short
Hyperliquid RUNE+0.0862%1h0.6308+0.186%$1.7M$1.1M5xas long as short
Kraken Futures PF_RUNEUSD+0.1766%1h0.6323+0.434%$182K$283K20xas long as short