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: Variational Omni against BingX−0.313%7-day average −0.083% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.359%+$36 · spread now −0.313%, 7d avg −0.083%

Together, before fees+0.345%+ Points / potential airdropVariational Omni: Active · farm board+$35 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: Variational Omni is 0.229% cheaper against BingX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RUNE-USDT	0.6586	0.0100	pay 0.0100% / 8h	7h 07m	—	$58.9M	—
Short	Variational Omni RUNE	0.6565	0.0100	get 0.0100% / 8h	7h 07m	$156K	$34K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.313%Rate

Funding earned: $0
Price spread: −0.313% → −0.083%: −$22.93
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.93
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 16 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 16 min ago	6.74 bp	23.6 bp −$24	50.5 bp −$505	247.7 bp −$24.8K	408.2 bp −$204.1K
Sell Variational Omni RFQ quote, 1 min ago	7.61 bp	doesn't fit	62.4 bp −$624	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	0.0000%	1h	0.6592	+0.091%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.544%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6598	+0.182%	$39K	$32K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6580	−0.091%	$5.2M	$13.3M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6580	−0.091%	$3.0M	$2.2M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6579	−0.106%	$663K	$357K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6589	+0.046%	$3.2M	$2.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6578	−0.121%	$927K	$256K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6591	+0.076%	$1.6M	$661K	50x	as long as short
BingX RUNE-USDTlong	+0.0100%	8h	0.6586	long leg	—	$58.9M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNEshort	+0.0100%	8h	0.6565	−0.313%	$156K	$34K	—
Extended RUNE-USD	+0.0104%	1h	0.6582	−0.053%	$4K	$169K	10x	as long as short
BloFin RUNE-USDT	+0.0112%	8h	0.6583	−0.046%	$483K	$192K	75x	as long as short
Kraken Futures PF_RUNEUSD	+0.0595%	1h	0.6605	+0.289%	$196K	$247K	20x	as long as short
dYdX RUNE-USD	+0.0689%	1h	0.6574	−0.182%	$56K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1188%	1h	0.6599	+0.196%	$1.8M	$999K	5x	as long as short