Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0738%/8h= +80.9% APRpaid last 24h +0.080%

Price spread now: Coinbase International against BloFin+0.585%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 0.585% dearer against BloFin than usual: you sell high and buy low: +$59 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RUNE-USDT	0.6324	0.0126	pay 0.0126% / 8h	1h 47m	$439K	$205K	75x
Short	Coinbase International RUNE-PERP-INTX	0.6361	0.0864	get 0.0108% / 1h	47m 08s	$37K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.585%Rate

Funding earned: $155.08
Price spread: +0.585% → 0.000%: $58.51
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $191.58
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 30 min ago; Coinbase International: 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 BloFin live order book, 30 min ago	2.38 bp	15.5 bp −$16	39.6 bp −$396	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.672%	$7	$14	12x	as long as short
dYdX RUNE-USD	+0.0056%	1h	0.6321	−0.040%	$27K	$32K	5x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6325	+0.016%	$4.9M	$16.2M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6329	+0.079%	$2.8M	$2.9M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6335	+0.174%	$627K	$364K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6327	+0.047%	$3.4M	$3.6M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6334	+0.158%	$977K	$368K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6337	+0.206%	$1.5M	$787K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6331	+0.111%	—	$58.7M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6329	+0.078%	$183K	$70K	—	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	0.6326	+0.037%	$8K	$160K	10x	as long as short
BloFin RUNE-USDTlong	+0.0126%	8h	0.6324	long leg	$439K	$205K	75x
Deribit RUNE_USDC-PERPETUAL	+0.0224%	1h	0.6328	+0.063%	—	—	10x	as long as short
Kraken Futures PF_RUNEUSD	+0.0861%	1h	0.6328	+0.065%	$154K	$301K	20x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.0864%	1h	0.6361	+0.585%	$37K	$30K	25x
Hyperliquid RUNE	+0.1604%	1h	0.6335	+0.180%	$1.8M	$1.2M	5x	as long as short