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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.1541%/8h= +168.7% APRnext payment +$1.93 per $10,000 · paid last 24h +0.823%
Price spread now: dYdX against Deribit+0.215%7-day average · you sell dearer than you buy
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 3 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 for this trade now. Funding pays +$46 a day on $10k at the current rate, and dYdX is 0.215% dearer against Deribit than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit RUNE_USDC-PERPETUAL0.6386−0.0220get 0.0027% / 1h4m 41s10x
ShortdYdX RUNE-USD0.64000.1321get 0.0165% / 1h4m 41s$55K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$323.55
Price spread: +0.215% → 0.000%
$21.48
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
$328.04
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Deribit: 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 Deribit no order-book sample
Sell dYdX no order-book sample
Deribit 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 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−0.0220%1h0.6386long leg10x
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.617%$7$2412xas long as short
BloFin RUNE-USDT+0.0075%8h0.6383−0.047%$445K$156K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6381−0.079%$4.8M$10.5M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6367−0.298%$2.7M$1.7M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6388+0.031%$659K$305K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6370−0.251%$3.4M$1.7M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6385−0.016%$900K$204K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6385−0.016%$1.6M$516K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6380−0.094%$59.2Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6403+0.268%$126K$9Kas long as short
Extended RUNE-USD+0.0104%1h0.6381−0.080%$4K$170K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0112%1h0.6432+0.720%$37K$18K25xas long as short
Hyperliquid RUNE+0.0766%1h0.6391+0.085%$1.7M$877K5xas long as short
dYdX RUNE-USDshort+0.1321%1h0.6400+0.215%$55K$4K5x
Kraken Futures PF_RUNEUSD+0.2142%1h0.6397+0.178%$189K$228K20xas long as short