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Funding arb · Price arb /

RUNE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0609%/8h= +66.7% APRpaid last 24h —
Price spread now: BingX against Deribit−0.091%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 BingX
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. BingX is 0.091% cheaper against Deribit than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit RUNE_USDC-PERPETUAL0.6582−0.0509get 0.0064% / 1h33m 10s——10x
ShortBingX RUNE-USDT0.65760.0100get 0.0100% / 8h7h 33m—$59.0M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$127.9
Price spread: −0.091% → 0.000%
−$9.12
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
$101.79
Costs to cover
0.170%
Break-even
1.4 days
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago5.36 bp15.4 bp −$1548.3 bp −$483257.2 bp −$25.7K347.7 bp −$173.8K
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
Deribit RUNE_USDC-PERPETUALlong−0.0509%1h0.6582long leg——10x
Injective RUNE/USDC PERP+0.0033%1h0.6155−6.487%$7$1412xas long as short
Coinbase International RUNE-PERP-INTX+0.0056%1h0.6607+0.380%$39K$32K25xas long as short
Binance RUNEUSDT+0.0100%8h0.6586+0.055%$5.2M$12.6M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6586+0.061%$2.9M$2.1M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6578−0.061%$665K$343K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6586+0.061%$3.6M$2.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.65820.000%$927K$239K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.65820.000%$1.6M$632K50xas long as short
BingX RUNE-USDTshort+0.0100%8h0.6576−0.091%—$59.0M—
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6563−0.289%$129K$7K—as long as short
BloFin RUNE-USDT+0.0101%8h0.6587+0.076%$484K$188K75xas long as short
Extended RUNE-USD+0.0104%1h0.6574−0.129%$4K$167K10xas long as short
dYdX RUNE-USD+0.0500%1h0.6579−0.053%$56K$5K5xas long as short
Kraken Futures PF_RUNEUSD+0.0595%1h0.6604+0.330%$196K$239K20xas long as short
Hyperliquid RUNE+0.0991%1h0.6593+0.169%$1.8M$969K5xas long as short