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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —
Price spread now: Binance against Deribit−0.212%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Binance
What this pair did over the last
the charts below follow
Funding, last 3 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. Binance is 0.212% cheaper against Deribit than usual: you would sell low and buy high (spread −0.212% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 7.1 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit RUNE_USDC-PERPETUAL0.64690get 0.0000% / 1h55m 43s——10x
ShortBinance RUNEUSDT0.64550.0100get 0.0100% / 8h6h 55m$5.2M$16.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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
$21
Price spread: −0.212% → 0.000%
−$21.15
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$17.15
Costs to cover
0.170%
Break-even
12.7 days
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 15 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 Deribit no order-book sample—————
Sell Binance live order book, 15 min ago1.54 bp16.6 bp −$1758.5 bp −$585doesn't fitdoesn't fit
Deribit: 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
dYdX RUNE-USD0.0000%1h0.6466−0.041%$27K$32K5xas long as short
Deribit RUNE_USDC-PERPETUALlong0.0000%1h0.6469long leg——10x
Injective RUNE/USDC PERP+0.0033%1h0.6155−4.854%$7$1412xas long as short
BloFin RUNE-USDT+0.0089%8h0.6489+0.309%$331K$211K75xas long as short
Binance RUNEUSDTshort+0.0100%8h0.6455−0.212%$5.2M$16.8M75x
Bybit RUNEUSDT+0.0100%8h0.6457−0.186%$2.9M$3.0M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6471+0.031%$677K$378K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6450−0.294%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6461−0.124%$1.0M$367K50xas long as short
Variational Omni RUNE+0.0100%8h0.6469+0.004%$187K$72K—as long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6463−0.094%$5K$209K10xas long as short
Bitget RUNEUSDT+0.0184%8h0.6462−0.108%$1.6M$804K50xas long as short
BingX RUNE-USDT+0.0188%8h0.6454−0.232%—$3.9M—as long as short
Coinbase International RUNE-PERP-INTX+0.1024%1h0.6533+0.989%$37K$29K25xas long as short
Kraken Futures PF_RUNEUSD+0.1803%1h0.6478+0.132%$153K$312K20xas long as short
Hyperliquid RUNE+0.2152%1h0.6466−0.051%$2.0M$1.3M5xas long as short