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+0.0666%/8h= +72.9% APRpaid last 24h +0.149%
Price spread now: Kraken Futures against Gate+0.116%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2182.184% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.486%−$49 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.116%, 7d avg +0.108%
Together, before fees−0.447%−$45 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.108%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.486%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RUNE_USDT0.63970.0100pay 0.0100% / 8h8m 07s$666K$391K50x
ShortKraken Futures PF_RUNEUSD0.64040.0766get 0.0096% / 1h8m 07s$148K$313K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$139.9
Price spread: +0.116% → +0.108%
$0.82
Slippage, 4 orders
−$193.39
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$77.67
Costs to cover
2.184%
Break-even
10.9 days
Slippage from Gate: live order book, 28 min ago; Kraken Futures: live order book, 30 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 Gate live order book, 28 min ago3.91 bp63.4 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 30 min ago14.87 bp29.2 bp −$29doesn'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%1h0.6155−3.783%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6390−0.117%$5.0M$16.4M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6386−0.172%$2.9M$2.9M75xas long as short
Gate RUNE_USDTlong+0.0100%8h0.6397long leg$666K$391K50x
MEXC RUNE_USDT+0.0100%8h0.6385−0.188%$3.9M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6395−0.031%$991K$363K50xas long as short
Variational Omni RUNE+0.0100%8h0.6397−0.005%$185K$70Kas long as short
Extended RUNE-USD+0.0104%1h0.6387−0.163%$8K$208K10xas long as short
BloFin RUNE-USDT+0.0111%8h0.6398+0.016%$442K$210K75xas long as short
BingX RUNE-USDT+0.0116%8h0.6394−0.047%$58.7Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RUNEUSDT+0.0127%8h0.6399+0.031%$1.6M$778K50xas long as short
Deribit RUNE_USDC-PERPETUAL+0.0376%1h0.63970.000%10xas long as short
dYdX RUNE-USD+0.0582%1h0.6386−0.176%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSDshort+0.0766%1h0.6404+0.116%$148K$313K20x
Coinbase International RUNE-PERP-INTX+0.1024%1h0.6425+0.438%$37K$30K25xas long as short
Hyperliquid RUNE+0.1467%1h0.6402+0.073%$1.8M$1.2M5xas long as short