Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.057%

Price spread now: Coinbase International against MEXC+0.190%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.190% dearer against MEXC than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RUNE_USDT	0.6322	0.0100	pay 0.0100% / 8h	5h 30m	$3.6M	$3.5M	125x
Short	Coinbase International RUNE-PERP-INTX	0.6334	0.0504	get 0.0063% / 1h	30m 08s	$37K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.190%Rate

Funding earned: $84.84
Price spread: +0.190% → 0.000%: $18.98
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $89.82
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	3.16 bp	9.1 bp −$9	19.3 bp −$193	101.9 bp −$10.2K	234.4 bp −$117.2K
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit RUNE_USDC-PERPETUAL	0.0000%	1h	0.6323	+0.016%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.642%	$7	$14	12x	as long as short
BloFin RUNE-USDT	+0.0088%	8h	0.6330	+0.127%	$441K	$192K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6321	−0.016%	$4.8M	$15.3M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6321	−0.016%	$2.8M	$2.8M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6325	+0.047%	$627K	$373K	50x	as long as short
MEXC RUNE_USDTlong	+0.0100%	8h	0.6322	long leg	$3.6M	$3.5M	125x
KuCoin RUNEUSDTM	+0.0100%	8h	0.6315	−0.111%	$910K	$329K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6317	−0.079%	$1.5M	$762K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6323	+0.016%	—	$59.0M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNE	+0.0100%	8h	0.6319	−0.052%	$186K	$67K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6321	−0.013%	$4K	$162K	10x	as long as short
dYdX RUNE-USD	+0.0162%	1h	0.6316	−0.092%	$27K	$32K	5x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.0504%	1h	0.6334	+0.190%	$37K	$31K	25x
Hyperliquid RUNE	+0.1519%	1h	0.6339	+0.263%	$1.7M	$1.0M	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.2067%	1h	0.6330	+0.127%	$181K	$286K	20x	as long as short