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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.218%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$2022.021% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 4 days (all we have)−0.651%−$65 · spread now +0.218%, 7d avg +0.061%
Together, before fees−0.604%−$60 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: Gate is 0.158% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RUNEUSDT0.64100.0100pay 0.0100% / 8h7h 45m$2.9M$2.9M75x
ShortGate RUNE_USDT0.64240.0100get 0.0100% / 8h7h 45m$673K$380K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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
Price spread: +0.218% → +0.061%
$15.76
Slippage, 4 orders
−$176.12
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$186.36
Costs to cover
2.021%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 50 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 Bybit live order book, 1 min ago3.90 bp34.3 bp −$34385.7 bp −$3,857doesn't fitdoesn't fit
Sell Gate live order book, 50 min ago3.91 bp73.2 bp −$73doesn't fitdoesn't fitdoesn't fit

RUNE on 16 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
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.978%$7$1412xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0062%1h0.6414+0.062%10xas long as short
BloFin RUNE-USDT+0.0094%8h0.6420+0.156%$329K$210K75xas long as short
dYdX RUNE-USD+0.0094%1h0.6409−0.008%$27K$32K5xas long as short
Binance RUNEUSDT+0.0100%8h0.6414+0.058%$5.1M$16.5M75xas long as short
Bybit RUNEUSDTlong+0.0100%8h0.6410long leg$2.9M$2.9M75x
Gate RUNE_USDTshort+0.0100%8h0.6424+0.218%$673K$380K50x
MEXC RUNE_USDT+0.0100%8h0.6413+0.047%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6416+0.094%$994K$365K50xas long as short
Variational Omni RUNE+0.0100%8h0.6412+0.038%$185K$70Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6412+0.028%$4K$212K10xas long as short
BingX RUNE-USDT+0.0160%8h0.6415+0.078%$3.9Mas long as short
Bitget RUNEUSDT+0.0163%8h0.6417+0.109%$1.5M$795K50xas long as short
Coinbase International RUNE-PERP-INTX+0.1160%1h0.6446+0.562%$37K$30K25xas long as short
Hyperliquid RUNE+0.1420%1h0.6418+0.119%$1.8M$1.2M5xas long as short
Kraken Futures PF_RUNEUSD+0.1673%1h0.6422+0.189%$150K$313K20xas long as short