Settings8H · net · $10k
Funding arb · Price arb /

RUNE

all RUNE markets
SwapBacktest
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: Binance against KuCoin−0.053%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1601.599% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.053%, 7d avg +0.037%
Together, before fees+0.180%+$18 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: Binance is 0.090% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RUNEUSDTM0.64080.0100pay 0.0100% / 8h1h 46m$903K$196K50x
ShortBinance RUNEUSDT0.64050.0100get 0.0100% / 8h1h 46m$4.8M$10.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
$0
Price spread: −0.053% → +0.037%
−$9.01
Slippage, 4 orders
−$137.94
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$168.95
Costs to cover
1.599%
Break-even
never at this rate
Slippage from KuCoin: live order book, 28 min ago; Binance: live order book, 8 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 KuCoin live order book, 28 min ago7.09 bp59.9 bp −$60229.6 bp −$2,296doesn't fitdoesn't fit
Sell Binance live order book, 8 min ago0.78 bp16.0 bp −$1661.0 bp −$610doesn'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
Deribit RUNE_USDC-PERPETUAL−0.1462%1h0.6413+0.078%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.948%$7$2412xas long as short
Binance RUNEUSDTshort+0.0100%8h0.6405−0.053%$4.8M$10.2M75x
Bybit RUNEUSDT+0.0100%8h0.6402−0.094%$2.8M$1.6M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6409+0.016%$659K$295K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6403−0.078%$3.4M$1.6M125xas long as short
KuCoin RUNEUSDTMlong+0.0100%8h0.6408long leg$903K$196K50x
Bitget RUNEUSDT+0.0100%8h0.6412+0.062%$1.6M$487K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6409+0.016%$59.1Mas long as short
Variational Omni RUNE+0.0100%8h0.6424+0.257%$127K$9Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6409+0.017%$4K$170K10xas long as short
BloFin RUNE-USDT+0.0110%8h0.6404−0.062%$445K$155K75xas long as short
Coinbase International RUNE-PERP-INTX+0.0112%1h0.6455+0.733%$38K$16K25xas long as short
Hyperliquid RUNE+0.0648%1h0.6424+0.251%$1.7M$867K5xas long as short
dYdX RUNE-USD+0.1507%1h0.6415+0.116%$55K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2137%1h0.6412+0.065%$177K$214K20xas long as short