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: Gate against KuCoin−0.141%7-day average +0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2522.524% 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)+0.244%+$24 · spread now −0.141%, 7d avg +0.093%
Together, before fees+0.246%+$25 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: Gate is 0.234% cheaper against KuCoin than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin RUNEUSDTM0.63840.0100pay 0.0100% / 8h51m 54s$988K$365K50x
ShortGate RUNE_USDT0.63750.0100get 0.0100% / 8h51m 54s$631K$365K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.141% → +0.093%
−$23.39
Slippage, 4 orders
−$225.37
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$275.76
Costs to cover
2.524%
Break-even
never at this rate
Slippage from KuCoin: live order book, 33 min ago; Gate: live order book, 49 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, 33 min ago7.06 bp85.9 bp −$86229.9 bp −$2,299doesn't fitdoesn't fit
Sell Gate live order book, 49 min ago2.37 bp59.2 bp −$59doesn't fitdoesn'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%1h0.6374−0.157%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−3.587%$7$1412xas long as short
BloFin RUNE-USDT+0.0080%8h0.6370−0.219%$439K$208K75xas long as short
Binance RUNEUSDT+0.0100%8h0.6376−0.124%$5.0M$16.1M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6377−0.110%$2.9M$2.9M75xas long as short
Gate RUNE_USDTshort+0.0100%8h0.6375−0.141%$631K$365K50x
MEXC RUNE_USDT+0.0100%8h0.6375−0.141%$3.5M$3.6M125xas long as short
KuCoin RUNEUSDTMlong+0.0100%8h0.6384long leg$988K$365K50x
Bitget RUNEUSDT+0.0100%8h0.6387+0.047%$1.6M$770K50xas long as short
BingX RUNE-USDT+0.0100%8h0.6380−0.063%$58.7Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni RUNE+0.0100%8h0.6355−0.449%$184K$70Kas long as short
Extended RUNE-USD+0.0104%1h0.6374−0.152%$4K$208K10xas long as short
dYdX RUNE-USD+0.0144%1h0.6368−0.257%$27K$32K5xas long as short
Kraken Futures PF_RUNEUSD+0.0769%1h0.6379−0.084%$148K$322K20xas long as short
Coinbase International RUNE-PERP-INTX+0.1024%1h0.6408+0.376%$37K$29K25xas long as short
Hyperliquid RUNE+0.1525%1h0.6383−0.014%$1.8M$1.1M5xas long as short