Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.1000%/8h= +109.5% APRnext payment +$1.25 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Deribit+0.479%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Coinbase International

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

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Coinbase International is 0.479% dearer against Deribit than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit RUNE_USDC-PERPETUAL	0.6478	0	get 0.0000% / 1h	51m 39s	—	—	10x
Short	Coinbase International RUNE-PERP-INTX	0.6509	0.1000	get 0.0125% / 1h	51m 39s	$37K	$28K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.479%Rate

Funding earned: $210
Price spread: +0.479% → 0.000%: $47.85
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $240.85
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Deribit and 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 exchanges

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-PERPETUALlong	0.0000%	1h	0.6478	long leg	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.986%	$7	$14	12x	as long as short
BloFin RUNE-USDT	+0.0074%	8h	0.6472	−0.093%	$337K	$229K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6486	+0.121%	$5.3M	$16.9M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6478	0.000%	$3.0M	$3.0M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6479	+0.015%	$683K	$381K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6485	+0.108%	$3.9M	$3.7M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6477	−0.015%	$1.0M	$371K	50x	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6470	−0.118%	$187K	$72K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6482	+0.059%	$5K	$206K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RUNEUSDT	+0.0141%	8h	0.6496	+0.278%	$1.6M	$809K	50x	as long as short
BingX RUNE-USDT	+0.0155%	8h	0.6481	+0.046%	—	$11.7M	—	as long as short
Kraken Futures PF_RUNEUSD	+0.0528%	1h	0.6480	+0.038%	$157K	$312K	20x	as long as short
Hyperliquid RUNE	+0.0919%	1h	0.6491	+0.201%	$2.0M	$1.3M	5x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.1000%	1h	0.6509	+0.479%	$37K	$28K	25x
dYdX RUNE-USD	+0.1156%	1h	0.6468	−0.154%	$27K	$32K	5x	as long as short