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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Gate against Extended+0.136%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1801.800% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.136%, 7d avg +0.091%
Together, before fees−0.099%+ Points / potential airdropExtended: Active · farm board−$10 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: Gate is 0.045% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended RUNE-USD0.63960.0104pay 0.0013% / 1h37m 48s$4K$206K10x
ShortGate RUNE_USDT0.64050.0100get 0.0100% / 8h37m 48s$637K$370K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.136% → +0.091%
$4.5
Slippage, 4 orders
−$159.95
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$176.29
Costs to cover
1.800%
Break-even
never at this rate
Slippage from Extended: live order book, 63 min ago; Gate: live order book, 64 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, 63 min ago4.19 bp26.5 bp −$27241.4 bp −$2,414doesn't fitdoesn't fit
Sell Gate live order book, 64 min ago2.37 bp59.2 bp −$59doesn't fitdoesn't fitdoesn't fit

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
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.772%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6393−0.051%$5.0M$16.2M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6390−0.098%$2.9M$2.9M75xas long as short
Gate RUNE_USDTshort+0.0100%8h0.6405+0.136%$637K$370K50x
MEXC RUNE_USDT+0.0100%8h0.6395−0.020%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6403+0.105%$992K$365K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6401+0.074%$1.6M$771K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6392−0.067%$58.7Mas long as short
Variational Omni RUNE+0.0100%8h0.6395−0.016%$185K$70Kas long as short
Extended RUNE-USDlong+0.0104%1h0.6396long leg$4K$206K10x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0119%8h0.6390−0.098%$439K$210K75xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0219%1h0.6398+0.027%10xas long as short
dYdX RUNE-USD+0.0223%1h0.6384−0.186%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSD+0.0767%1h0.6399+0.050%$148K$321K20xas long as short
Coinbase International RUNE-PERP-INTX+0.1024%1h0.6430+0.527%$37K$29K25xas long as short
Hyperliquid RUNE+0.1445%1h0.6402+0.083%$1.8M$1.1M5xas long as short