Funding arb · Price arb /

RUNE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Gate+0.096%7-day average −0.122% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.096%, 7d avg −0.122%

Together, before fees−0.052%+ Points / potential airdropVariational Omni: Active · farm board−$5 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: Variational Omni is 0.218% dearer against Gate than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RUNE_USDT	0.6425	0.0100	pay 0.0100% / 8h	47m 46s	$662K	$310K	50x
Short	Variational Omni RUNE	0.6431	0.0100	get 0.0100% / 8h	47m 46s	$127K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → −0.122%: $21.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.82
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 28 min ago; Variational Omni: RFQ quote, 31 min ago. 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 Gate live order book, 28 min ago	3.89 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	7.03 bp	doesn't fit	63.3 bp −$633	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	−0.0839%	1h	0.6420	−0.078%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0024%	1h	0.6453	+0.436%	$37K	$18K	25x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−4.202%	$7	$24	12x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6419	−0.093%	$4.8M	$10.7M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6417	−0.125%	$2.7M	$1.7M	75x	as long as short
Gate RUNE_USDTlong	+0.0100%	8h	0.6425	long leg	$662K	$310K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6420	−0.078%	$3.4M	$1.7M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6421	−0.062%	$904K	$208K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6423	−0.031%	$1.6M	$533K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6421	−0.062%	—	$59.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNEshort	+0.0100%	8h	0.6431	+0.096%	$127K	$8K	—
Extended RUNE-USD	+0.0104%	1h	0.6418	−0.110%	$4K	$170K	10x	as long as short
BloFin RUNE-USDT	+0.0113%	8h	0.6425	0.000%	$450K	$160K	75x	as long as short
dYdX RUNE-USD	+0.1087%	1h	0.6429	+0.064%	$55K	$4K	5x	as long as short
Hyperliquid RUNE	+0.1185%	1h	0.6440	+0.230%	$1.7M	$906K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1693%	1h	0.6434	+0.144%	$189K	$229K	20x	as long as short