Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1893%/8h= +207.3% APRpaid last 24h +0.045%

Price spread now: Gate against Deribit−0.142%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Gate

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. Gate is 0.142% cheaper against Deribit than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 6 hours of funding at the current rate (+$57 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit RUNE_USDC-PERPETUAL	0.6350	−0.1793	get 0.0224% / 1h	9m 39s	—	—	10x
Short	Gate RUNE_USDT	0.6341	0.0100	get 0.0100% / 8h	2h 09m	$653K	$293K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.142%Rate

Funding earned: $397.54
Price spread: −0.142% → 0.000%: −$14.17
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $361.37
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 12 min ago. 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 Gate live order book, 12 min ago	5.47 bp	41.5 bp −$42	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit RUNE_USDC-PERPETUALlong	−0.1793%	1h	0.6350	long leg	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−3.071%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6340	−0.153%	$4.7M	$9.9M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6341	−0.142%	$2.7M	$1.5M	75x	as long as short
Gate RUNE_USDTshort	+0.0100%	8h	0.6341	−0.142%	$653K	$293K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6342	−0.126%	$3.1M	$1.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6344	−0.094%	$905K	$190K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6347	−0.047%	$1.5M	$472K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6345	−0.079%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6335	−0.231%	$125K	$9K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended RUNE-USD	+0.0104%	1h	0.6339	−0.167%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0111%	8h	0.6345	−0.079%	$451K	$152K	75x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0368%	1h	0.6383	+0.520%	$38K	$16K	25x	as long as short
Hyperliquid RUNE	+0.0522%	1h	0.6362	+0.183%	$1.6M	$858K	5x	as long as short
dYdX RUNE-USD	+0.1784%	1h	0.6341	−0.144%	$54K	$4K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2413%	1h	0.6366	+0.250%	$176K	$214K	20x	as long as short