Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.106%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1491.491% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.106%, 7d avg −0.059%

Together, before fees+0.142%+$14 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: Bybit is 0.047% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RUNE_USDT	0.6573	0.0100	pay 0.0100% / 8h	7h 08m	$662K	$357K	50x
Short	Bybit RUNEUSDT	0.6566	0.0100	get 0.0100% / 8h	7h 08m	$3.0M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.059%: −$4.72
Slippage, 4 orders: −$123.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$153.83
Costs to cover: 1.491%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Bybit: live order book, 3 min ago.

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 Gate live order book, 63 min ago	3.09 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.30 bp	34.3 bp −$34	65.5 bp −$655	doesn't fit	doesn't fit

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-PERPETUAL	0.0000%	1h	0.6581	+0.122%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.359%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6589	+0.243%	$39K	$32K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6566	−0.104%	$5.2M	$13.3M	75x	as long as short
Bybit RUNEUSDTshort	+0.0100%	8h	0.6566	−0.106%	$3.0M	$2.2M	75x
Gate RUNE_USDTlong	+0.0100%	8h	0.6573	long leg	$662K	$357K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6565	−0.122%	$3.2M	$2.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6569	−0.061%	$925K	$255K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6574	+0.015%	$1.6M	$661K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6570	−0.046%	—	$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	0.6565	−0.115%	$156K	$34K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6569	−0.068%	$4K	$169K	10x	as long as short
BloFin RUNE-USDT	+0.0112%	8h	0.6583	+0.152%	$483K	$192K	75x	as long as short
Kraken Futures PF_RUNEUSD	+0.0596%	1h	0.6595	+0.337%	$195K	$247K	20x	as long as short
dYdX RUNE-USD	+0.0703%	1h	0.6574	+0.015%	$56K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1157%	1h	0.6593	+0.309%	$1.8M	$999K	5x	as long as short