Funding arb · Price arb /

RUNE

all RUNE markets

Swap Backtest

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: Bitget against Variational Omni−0.297%7-day average +0.112% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.297%, 7d avg +0.112%

Together, before fees+0.194%+ Points / potential airdropVariational Omni: Active · farm board+$19 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 0.409% cheaper against Variational Omni than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RUNE	0.6595	0.0100	pay 0.0100% / 8h	0m 47s	$130K	$8K	—
Short	Bitget RUNEUSDT	0.6575	0.0100	get 0.0100% / 8h	0m 47s	$1.6M	$595K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.297%Rate

Funding earned: $0
Price spread: −0.297% → +0.112%: −$40.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Bitget: live order book, 6 min ago. 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 Variational Omni RFQ quote, 13 min ago	5.43 bp	doesn't fit	67.4 bp −$674	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	3.82 bp	28.5 bp −$28	148.1 bp −$1,481	doesn't fit	doesn't fit

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	−0.0507%	1h	0.6601	+0.097%	—	—	10x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0024%	1h	0.6610	+0.233%	$42K	$29K	25x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.666%	$7	$24	12x	as long as short
BloFin RUNE-USDT	+0.0075%	8h	0.6600	+0.082%	$457K	$185K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6569	−0.392%	$5.1M	$11.5M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6578	−0.252%	$2.9M	$1.9M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6583	−0.176%	$676K	$327K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6572	−0.343%	$3.5M	$2.1M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6601	+0.097%	$917K	$216K	50x	as long as short
Bitget RUNEUSDTshort	+0.0100%	8h	0.6575	−0.297%	$1.6M	$595K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0100%	8h	0.6577	−0.267%	—	$59.1M	—	as long as short
Variational Omni RUNElong	+0.0100%	8h	0.6595	long leg	$130K	$8K	—
Extended RUNE-USD	+0.0104%	1h	0.6593	−0.021%	$4K	$170K	10x	as long as short
Hyperliquid RUNE	+0.1113%	1h	0.6591	−0.056%	$1.8M	$948K	5x	as long as short
dYdX RUNE-USD	+0.1214%	1h	0.6589	−0.085%	$56K	$5K	5x	as long as short
Kraken Futures PF_RUNEUSD	+0.1647%	1h	0.6614	+0.289%	$195K	$231K	20x	as long as short