Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.035%
Price spread now: Bybit against Injective+2.778%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 2.778% dearer against Injective than usual: you sell high and buy low: +$278 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | pay 0.0004% / 1h | 52m 18s | $7 | $14 | 12x |
| Short | Bybit RUNEUSDT | 0.6326 | 0.0100 | get 0.0100% / 8h | 2h 52m | $2.8M | $2.9M | 75x |
Injective RUNE/USDC PERP
Bybit RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: +2.778% → 0.000%
- $277.82
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $280.8
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 3.16 bp | 37.0 bp −$37 | 71.0 bp −$710 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERPlong | +0.0033% | 1h | 0.6155 | long leg | $7 | $14 | 12x | |
| Deribit RUNE_USDC-PERPETUAL | +0.0066% | 1h | 0.6328 | +2.811% | — | — | 10x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6324 | +2.748% | $4.8M | $16.0M | 75x | as long as short |
| Bybit RUNEUSDTshort | +0.0100% | 8h | 0.6326 | +2.778% | $2.8M | $2.9M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6329 | +2.827% | $627K | $365K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6325 | +2.762% | $3.5M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6329 | +2.827% | $976K | $363K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6335 | +2.924% | $1.5M | $777K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6324 | +2.746% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6327 | +2.801% | $186K | $67K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6321 | +2.704% | $4K | $154K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0122% | 8h | 0.6332 | +2.876% | $437K | $211K | 75x | as long as short |
| dYdX RUNE-USD | +0.0531% | 1h | 0.6316 | +2.623% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6395 | +3.899% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0822% | 1h | 0.6331 | +2.857% | $162K | $312K | 20x | as long as short |
| Hyperliquid RUNE | +0.1650% | 1h | 0.6335 | +2.924% | $1.8M | $1.1M | 5x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD
Hyperliquid RUNE