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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.189%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2172.171% 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)−0.019%−$2 · spread now +0.189%, 7d avg +0.085%
Together, before fees−0.017%−$2 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: Bitget is 0.105% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RUNEUSDTM0.63340.0100pay 0.0100% / 8h5h 05m$919K$330K50x
ShortBitget RUNEUSDT0.63460.0100get 0.0100% / 8h5h 05m$1.5M$768K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.189% → +0.085%
$10.47
Slippage, 4 orders
−$193.08
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$206.61
Costs to cover
2.171%
Break-even
never at this rate
Slippage from KuCoin: live order book, 39 min ago; Bitget: live order book, 2 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, 39 min ago5.56 bp101.2 bp −$101261.3 bp −$2,613doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago3.15 bp37.9 bp −$38164.8 bp −$1,648doesn'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-PERPETUAL0.0000%1h0.6336+0.032%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−2.826%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6336+0.025%$4.8M$15.5M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6332−0.032%$2.8M$2.8M75xas long as short
Gate RUNE_USDT+0.0100%8h0.63340.000%$628K$377K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6335+0.016%$3.6M$3.5M125xas long as short
KuCoin RUNEUSDTMlong+0.0100%8h0.6334long leg$919K$330K50x
Bitget RUNEUSDTshort+0.0100%8h0.6346+0.189%$1.5M$768K50x
BingX RUNE-USDT+0.0100%8h0.6333−0.016%$59.0Mas long as short
Variational Omni RUNE+0.0100%8h0.6335+0.012%$186K$67Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended RUNE-USD+0.0104%1h0.6332−0.026%$4K$165K10xas long as short
BloFin RUNE-USDT+0.0106%8h0.6330−0.063%$444K$193K75xas long as short
dYdX RUNE-USD+0.0146%1h0.6329−0.083%$27K$32K5xas long as short
Coinbase International RUNE-PERP-INTX+0.0504%1h0.6381+0.742%$37K$31K25xas long as short
Hyperliquid RUNE+0.1511%1h0.6353+0.305%$1.7M$1.0M5xas long as short
Kraken Futures PF_RUNEUSD+0.2063%1h0.6344+0.150%$181K$286K20xas long as short