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: BingX against KuCoin−0.016%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1651.651% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.016%, 7d avg +0.063%
Together, before fees+0.087%+$9 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: BingX is 0.078% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RUNEUSDTM0.64050.0100pay 0.0100% / 8h1h 45m$903K$196K50x
ShortBingX RUNE-USDT0.64040.0100get 0.0100% / 8h1h 45m$59.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.016% → +0.063%
−$7.85
Slippage, 4 orders
−$143.05
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$172.9
Costs to cover
1.651%
Break-even
never at this rate
Slippage from KuCoin: live order book, 29 min ago; BingX: live order book, 9 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, 29 min ago7.09 bp59.9 bp −$60229.6 bp −$2,296doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago5.43 bp19.3 bp −$1949.9 bp −$499392.2 bp −$39.2K529.2 bp −$264.6K

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−0.1464%1h0.6408+0.047%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.903%$7$2412xas long as short
BloFin RUNE-USDT+0.0090%8h0.6403−0.031%$450K$155K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6403−0.031%$4.8M$10.2M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6399−0.094%$2.8M$1.6M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6407+0.031%$659K$296K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6400−0.078%$3.4M$1.6M125xas long as short
KuCoin RUNEUSDTMlong+0.0100%8h0.6405long leg$903K$196K50x
Bitget RUNEUSDT+0.0100%8h0.6408+0.047%$1.6M$490K50xas long as short
BingX RUNE-USDTshort+0.0100%8h0.6404−0.016%$59.1M
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6404−0.009%$126K$9Kas long as short
Extended RUNE-USD+0.0104%1h0.6398−0.105%$4K$170K10xas long as short
Coinbase International RUNE-PERP-INTX+0.0112%1h0.6455+0.781%$38K$16K25xas long as short
Hyperliquid RUNE+0.0667%1h0.6417+0.194%$1.7M$867K5xas long as short
dYdX RUNE-USD+0.1501%1h0.6409+0.061%$55K$4K5xas long as short
Kraken Futures PF_RUNEUSD+0.2133%1h0.6425+0.306%$178K$214K20xas long as short