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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.243%
Price spread now: dYdX against Coinbase International−0.630%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. dYdX is 0.630% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.630% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 11 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International RUNE-PERP-INTX0.65090.1000pay 0.0125% / 1h50m 58s$37K$28K25x
ShortdYdX RUNE-USD0.64680.1188get 0.0149% / 1h50m 58s$27K$32K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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
$39.58
Price spread: −0.630% → 0.000%
−$62.97
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$43.39
Costs to cover
0.200%
Break-even
14.7 days
Slippage unknown: Coinbase International: no order-book sample; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell dYdX no order-book sample
Coinbase International and dYdX: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUAL0.0000%1h0.6477−0.492%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−5.439%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6472−0.565%$5.3M$16.9M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6480−0.446%$3.0M$3.0M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6482−0.415%$683K$382K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6480−0.446%$3.9M$3.7M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6479−0.461%$1.0M$371K50xas long as short
Variational Omni RUNE+0.0100%8h0.6470−0.594%$187K$72Kas long as short
Extended RUNE-USD+0.0104%1h0.6470−0.599%$5K$206K10xas long as short
BloFin RUNE-USDT+0.0115%8h0.6482−0.415%$338K$230K75xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RUNEUSDT+0.0141%8h0.6485−0.369%$1.6M$809K50xas long as short
BingX RUNE-USDT+0.0155%8h0.6479−0.461%$11.7Mas long as short
Kraken Futures PF_RUNEUSD+0.0529%1h0.6474−0.542%$157K$312K20xas long as short
Hyperliquid RUNE+0.0930%1h0.6479−0.458%$2.0M$1.3M5xas long as short
Coinbase International RUNE-PERP-INTXlong+0.1000%1h0.6509long leg$37K$28K25x
dYdX RUNE-USDshort+0.1188%1h0.6468−0.630%$27K$32K5x