Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

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: Deribit against Extended+0.182%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.182% dearer against Extended than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended RUNE-USD	0.6323	0.0104	pay 0.0013% / 1h	25m 12s	$4K	$169K	10x
Short	Deribit RUNE_USDC-PERPETUAL	0.6335	0	get 0.0000% / 1h	25m 12s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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 ExtendedbpFee DeribitbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$21.84
Price spread: +0.182% → 0.000%: $18.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$15.64
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Extended: live order book, 26 min ago; Deribit: 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 Extended live order book, 26 min ago	3.69 bp	22.7 bp −$23	185.3 bp −$1,853	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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-PERPETUALshort	0.0000%	1h	0.6335	+0.182%	—	—	10x
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.665%	$7	$14	12x	as long as short
BloFin RUNE-USDT	+0.0085%	8h	0.6336	+0.198%	$441K	$193K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6333	+0.150%	$4.8M	$15.9M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6334	+0.166%	$2.9M	$2.8M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6334	+0.166%	$627K	$369K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6324	+0.008%	$3.4M	$3.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6330	+0.103%	$976K	$359K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6342	+0.293%	$1.5M	$775K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6336	+0.198%	—	$58.9M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6331	+0.116%	$186K	$67K	—	as long as short
Extended RUNE-USDlong	+0.0104%	1h	0.6323	long leg	$4K	$169K	10x
dYdX RUNE-USD	+0.0402%	1h	0.6330	+0.100%	$27K	$32K	5x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0680%	1h	0.6395	+1.131%	$38K	$30K	25x	as long as short
Kraken Futures PF_RUNEUSD	+0.0953%	1h	0.6339	+0.247%	$166K	$310K	20x	as long as short
Hyperliquid RUNE	+0.1628%	1h	0.6339	+0.240%	$1.8M	$1.1M	5x	as long as short