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

RUNE

all RUNE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0900%/8h= +98.5% APRpaid last 24h +0.117%
Price spread now: Coinbase International against Variational Omni+1.205%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 1.205% dearer against Variational Omni than usual: you sell high and buy low: +$121 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni RUNE0.64310.0100pay 0.0100% / 8h5h 28m$186K$72K
ShortCoinbase International RUNE-PERP-INTX0.65090.1000get 0.0125% / 1h28m 47s$37K$28K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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
$189
Price spread: +1.205% → 0.000%
$120.52
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$299.52
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 18 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 18 min ago7.71 bpdoesn't fit61.7 bp −$617doesn't fitdoesn't fit
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 exchanges

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%1h0.6430−0.023%10xas long as short
Injective RUNE/USDC PERP+0.0033%1h0.6155−4.299%$7$1412xas long as short
Binance RUNEUSDT+0.0100%8h0.6415−0.258%$5.2M$16.7M75xas long as short
Bybit RUNEUSDT+0.0100%8h0.6424−0.116%$3.0M$3.0M75xas long as short
Gate RUNE_USDT+0.0100%8h0.6425−0.101%$657K$401K50xas long as short
MEXC RUNE_USDT+0.0100%8h0.6414−0.272%$3.7M$3.8M125xas long as short
KuCoin RUNEUSDTM+0.0100%8h0.6421−0.163%$1.0M$372K50xas long as short
Variational Omni RUNElong+0.0100%8h0.6431long leg$186K$72K
Bitget RUNEUSDT+0.0103%8h0.6429−0.039%$1.5M$785K50xas long as short
Extended RUNE-USD+0.0104%1h0.6414−0.279%$23K$227K10xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin RUNE-USDT+0.0112%8h0.6431−0.008%$339K$227K75xas long as short
BingX RUNE-USDT+0.0113%8h0.6424−0.116%$11.7Mas long as short
Kraken Futures PF_RUNEUSD+0.0532%1h0.6430−0.023%$157K$271K20xas long as short
Hyperliquid RUNE+0.0812%1h0.6425−0.107%$2.0M$1.1M5xas long as short
dYdX RUNE-USD+0.0943%1h0.6431−0.011%$27K$32K5xas long as short
Coinbase International RUNE-PERP-INTXshort+0.1000%1h0.6509+1.205%$37K$28K25x