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: Variational Omni against Bitget+0.161%7-day average −0.112% · you sell dearer than you buy

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

Long on Bitget 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)+0.033%+$3 · spread now +0.161%, 7d avg −0.112%

Together, before fees+0.019%+ Points / potential airdropVariational Omni: Active · farm board+$2 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 0.273% dearer against Bitget than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RUNEUSDT	0.6391	0.0100	pay 0.0100% / 8h	2h 23m	$1.6M	$470K	50x
Short	Variational Omni RUNE	0.6401	0.0100	get 0.0100% / 8h	2h 23m	$126K	$9K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → −0.112%: $27.27
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.27
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, just now. 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 Bitget live order book, 3 min ago	3.89 bp	41.1 bp −$41	150.5 bp −$1,505	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	7.82 bp	doesn't fit	67.3 bp −$673	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	−0.1780%	1h	0.6390	−0.016%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.693%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6385	−0.086%	$4.7M	$9.8M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6382	−0.141%	$2.7M	$1.5M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6401	+0.156%	$659K	$291K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6386	−0.078%	$3.1M	$1.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6393	+0.031%	$912K	$190K	50x	as long as short
Bitget RUNEUSDTlong	+0.0100%	8h	0.6391	long leg	$1.6M	$470K	50x
BingX RUNE-USDT	+0.0100%	8h	0.6392	+0.016%	—	$59.0M	—	as long as short
Variational Omni RUNEshort	+0.0100%	8h	0.6401	+0.161%	$126K	$9K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6386	−0.083%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0112%	8h	0.6404	+0.203%	$447K	$153K	75x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0368%	1h	0.6425	+0.532%	$38K	$16K	25x	as long as short
Hyperliquid RUNE	+0.0405%	1h	0.6402	+0.180%	$1.7M	$858K	5x	as long as short
dYdX RUNE-USD	+0.1767%	1h	0.6405	+0.217%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2398%	1h	0.6406	+0.227%	$177K	$214K	20x	as long as short