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: KuCoin against Bybit+0.093%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1821.824% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.093%, 7d avg −0.040%

Together, before fees−0.240%−$24 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: KuCoin is 0.133% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RUNEUSDT	0.6457	0.0100	pay 0.0100% / 8h	41m 09s	$2.7M	$1.7M	75x
Short	KuCoin RUNEUSDTM	0.6463	0.0100	get 0.0100% / 8h	41m 09s	$904K	$209K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.040%: $13.26
Slippage, 4 orders: −$159.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$169.11
Costs to cover: 1.824%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 23 min ago.

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 Bybit live order book, 1 min ago	3.87 bp	35.1 bp −$35	67.7 bp −$677	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	3.93 bp	66.1 bp −$66	184.2 bp −$1,842	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	−0.0677%	1h	0.6470	+0.201%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0024%	1h	0.6457	0.000%	$41K	$28K	25x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.677%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6462	+0.077%	$4.9M	$10.7M	75x	as long as short
Bybit RUNEUSDTlong	+0.0100%	8h	0.6457	long leg	$2.7M	$1.7M	75x
Gate RUNE_USDT	+0.0100%	8h	0.6465	+0.124%	$666K	$312K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6461	+0.062%	$3.4M	$1.7M	125x	as long as short
KuCoin RUNEUSDTMshort	+0.0100%	8h	0.6463	+0.093%	$904K	$209K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6471	+0.217%	$1.6M	$534K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6466	+0.139%	—	$59.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6442	−0.237%	$127K	$8K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6466	+0.141%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0128%	8h	0.6464	+0.108%	$450K	$161K	75x	as long as short
Hyperliquid RUNE	+0.1131%	1h	0.6480	+0.362%	$1.7M	$910K	5x	as long as short
dYdX RUNE-USD	+0.1204%	1h	0.6459	+0.026%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1683%	1h	0.6471	+0.215%	$190K	$229K	20x	as long as short