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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: BingX against Extended+0.118%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$930.932% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.118%, 7d avg +0.060%
Together, before fees−0.076%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.058% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RUNE-USD0.64720.0104pay 0.0013% / 1h48m 22s$4K$165K10x
ShortBingX RUNE-USDT0.64800.0100get 0.0100% / 8h6h 48m$59.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$0.84
Price spread: +0.118% → +0.060%
$5.83
Slippage, 4 orders
−$78.2
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$88.22
Costs to cover
0.932%
Break-even
never at this rate
Slippage from Extended: live order book, 18 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 18 min ago5.09 bp27.3 bp −$27230.8 bp −$2,308doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago4.55 bp21.1 bp −$2149.1 bp −$491312.3 bp −$31.2K471.4 bp −$235.7K

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-PERPETUAL−0.0059%1h0.6472−0.005%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−4.903%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6476+0.056%$5.1M$13.9M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6476+0.056%$2.9M$2.4M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6489+0.257%$655K$347K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6470−0.036%$3.6M$3.0M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6511+0.597%$918K$269K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6489+0.257%$1.6M$702K50xas long as short
BingX RUNE-USDTshort+0.0100%8h0.6480+0.118%$59.0M
Variational Omni RUNE+0.0100%8h0.6603+2.026%$160K$37Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USDlong+0.0104%1h0.6472long leg$4K$165K10x
Coinbase International RUNE-PERP-INTX+0.0104%1h0.6566+1.447%$39K$32K25xas long as short
BloFin RUNE-USDT+0.0127%8h0.6537+0.999%$478K$193K75xas long as short
Hyperliquid RUNE+0.1004%1h0.6512+0.613%$1.8M$1.0M5xas long as short
dYdX RUNE-USD+0.1049%1h0.6517+0.685%$56K$5K5xas long as short
Kraken Futures PF_RUNEUSD+0.1723%1h0.6482+0.155%$186K$274K20xas long as short