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Funding arb · Price arb /

RUNE

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Alert: funding
Measured
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Alert: spread
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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 05:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h —
Price spread now: Extended against Deribit−0.071%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 Extended
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—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.071% cheaper against Deribit than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit RUNE_USDC-PERPETUAL0.63330get 0.0000% / 1h26m 01s——10x
ShortExtended RUNE-USD0.63290.0104get 0.0013% / 1h26m 01s$4K$169K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$21.84
Price spread: −0.071% → 0.000%
−$7.07
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$2.77
Costs to cover
0.120%
Break-even
6.1 days
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 25 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 Extended live order book, 25 min ago3.69 bp23.2 bp −$23258.4 bp −$2,584doesn'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
Deribit RUNE_USDC-PERPETUALlong0.0000%1h0.6333long leg——10x
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.811%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6330−0.041%$4.8M$15.9M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6334+0.016%$2.9M$2.8M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6334+0.016%$627K$369K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6330−0.047%$3.4M$3.5M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6332−0.016%$977K$359K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6342+0.142%$1.5M$775K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6332−0.016%—$58.9M—as long as short
Variational Omni RUNE+0.0100%8h0.6331−0.034%$186K$67K—as long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDshort+0.0104%1h0.6329−0.071%$4K$169K10x
BloFin RUNE-USDT+0.0106%8h0.6345+0.189%$441K$193K75xas long as short
dYdX RUNE-USD+0.0414%1h0.6330−0.051%$27K$32K5xas long as short
Coinbase International RUNE-PERP-INTX+0.0680%1h0.6395+0.979%$38K$30K25xas long as short
Kraken Futures PF_RUNEUSD+0.0953%1h0.6337+0.070%$166K$310K20xas long as short
Hyperliquid RUNE+0.1636%1h0.6338+0.082%$1.8M$1.1M5xas long as short