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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0924%/8h= −101.2% APRpaid last 24h −0.088%
Price spread now: Gate against Coinbase International−0.389%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
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Gate is 0.389% cheaper against Coinbase International than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International RUNE-PERP-INTX0.64300.1024pay 0.0128% / 1h37m 53s$37K$29K25x
ShortGate RUNE_USDT0.64050.0100get 0.0100% / 8h37m 53s$637K$370K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$194.04
Price spread: −0.389% → 0.000%
−$38.88
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$257.92
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Gate: live order book, 63 min ago. 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 Gate live order book, 63 min ago2.37 bp59.2 bp −$59doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective RUNE/USDC PERP+0.0033%1h0.6155−4.277%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6393−0.575%$5.0M$16.2M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6390−0.622%$2.9M$2.9M75xas long as short
Gate RUNE_USDTshort+0.0100%8h0.6405−0.389%$637K$370K50x
MEXC RUNE_USDT+0.0100%8h0.6395−0.544%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6403−0.420%$992K$365K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6401−0.451%$1.6M$771K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6392−0.591%$58.7Mas long as short
Variational Omni RUNE+0.0100%8h0.6395−0.540%$185K$70Kas long as short
Extended RUNE-USD+0.0104%1h0.6396−0.525%$4K$206K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0119%8h0.6390−0.622%$439K$210K75xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0219%1h0.6398−0.498%10xas long as short
dYdX RUNE-USD+0.0223%1h0.6384−0.710%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSD+0.0767%1h0.6399−0.475%$148K$321K20xas long as short
Coinbase International RUNE-PERP-INTXlong+0.1024%1h0.6430long leg$37K$29K25x
Hyperliquid RUNE+0.1445%1h0.6402−0.442%$1.8M$1.1M5xas long as short