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Funding arb · Price arb /

RUNE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h −0.038%
Price spread now: Extended against Injective+6.800%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 6.800% dearer against Injective than usual: you sell high and buy low: +$680 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective RUNE/USDC PERP0.61550.0033pay 0.0004% / 1h33m 05s$7$1412x
ShortExtended RUNE-USD0.65740.0104get 0.0013% / 1h33m 05s$4K$167K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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
$14.84
Price spread: +6.800% → 0.000%
$679.97
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$689.79
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Extended: live order book, 38 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Extended live order book, 38 min ago5.03 bp25.9 bp −$26202.3 bp −$2,023doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit RUNE_USDC-PERPETUAL−0.0509%1h0.6582+6.937%——10xas long as short
Injective RUNE/USDC PERPlong+0.0033%1h0.6155long leg$7$1412x
Coinbase International RUNE-PERP-INTX+0.0056%1h0.6607+7.344%$39K$32K25xas long as short
Binance RUNEUSDT+0.0100%8h0.6596+7.167%$5.2M$12.6M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6588+7.035%$2.9M$2.1M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6594+7.132%$667K$343K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6586+7.002%$3.6M$2.4M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6582+6.937%$927K$239K50xas long as short
Bitget RUNEUSDT+0.0100%8h0.6586+7.002%$1.6M$632K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6590+7.067%—$59.0M—as long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6563+6.628%$129K$7K—as long as short
BloFin RUNE-USDT+0.0101%8h0.6587+7.019%$484K$188K75xas long as short
Extended RUNE-USDshort+0.0104%1h0.6574+6.800%$4K$167K10x
dYdX RUNE-USD+0.0500%1h0.6579+6.881%$56K$5K5xas long as short
Kraken Futures PF_RUNEUSD+0.0595%1h0.6604+7.291%$196K$239K20xas long as short
Hyperliquid RUNE+0.1001%1h0.6608+7.355%$1.8M$969K5xas long as short