Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.058%

Price spread now: BingX against Coinbase International−0.711%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

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

Funding pays, the price is against you. BingX is 0.711% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.711% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$71 on $10k: about 31 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RUNE-PERP-INTX	0.6472	0.0024	pay 0.0003% / 1h	25m 02s	$42K	$28K	25x
Short	BingX RUNE-USDT	0.6426	0.0100	get 0.0100% / 8h	25m 02s	—	$59.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.711%Rate

Funding earned: $15.96
Price spread: −0.711% → 0.000%: −$71.08
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.12
Costs to cover: 0.200%
Break-even: 39.9 days

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 14 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	4.64 bp	17.6 bp −$18	49.0 bp −$490	342.1 bp −$34.2K	496.6 bp −$248.3K

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
Deribit RUNE_USDC-PERPETUAL	−0.0682%	1h	0.6429	−0.664%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTXlong	+0.0024%	1h	0.6472	long leg	$42K	$28K	25x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.898%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6429	−0.669%	$4.9M	$10.8M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6427	−0.695%	$2.7M	$1.7M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6432	−0.618%	$661K	$314K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6426	−0.711%	$3.3M	$1.8M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6427	−0.695%	$893K	$211K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6426	−0.711%	$1.6M	$543K	50x	as long as short
BingX RUNE-USDTshort	+0.0100%	8h	0.6426	−0.711%	—	$59.1M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6433	−0.599%	$127K	$8K	—	as long as short
BloFin RUNE-USDT	+0.0103%	8h	0.6423	−0.757%	$453K	$161K	75x	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6414	−0.901%	$4K	$170K	10x	as long as short
Hyperliquid RUNE	+0.1055%	1h	0.6443	−0.454%	$1.7M	$909K	5x	as long as short
dYdX RUNE-USD	+0.1396%	1h	0.6439	−0.510%	$55K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1690%	1h	0.6443	−0.444%	$189K	$230K	20x	as long as short