Funding arb · Price arb /

RUNE

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Swap Backtest

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 Variational Omni−0.237%7-day average +0.122% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

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)+0.178%+$18 · spread now −0.237%, 7d avg +0.122%

Together, before fees+0.192%+ 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: Gate is 0.358% cheaper against Variational Omni than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.122%.

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	7h 58m	$130K	$8K	—
Short	Gate RUNE_USDT	0.6579	0.0100	get 0.0100% / 8h	7h 58m	$676K	$316K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.237%Rate

Funding earned: $0
Price spread: −0.237% → +0.122%: −$35.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.85
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Gate: live order book, 13 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, 16 min ago	5.43 bp	doesn't fit	67.4 bp −$674	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	3.09 bp	43.4 bp −$43	doesn't fit	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	−0.0205%	1h	0.6596	+0.021%	—	—	10x	as long as short
dYdX RUNE-USD	0.0000%	1h	0.6578	−0.252%	$56K	$5K	5x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.666%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6617	+0.340%	$42K	$29K	25x	as long as short
BloFin RUNE-USDT	+0.0093%	8h	0.6586	−0.131%	$463K	$185K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6610	+0.233%	$5.1M	$11.7M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6586	−0.131%	$3.0M	$2.0M	75x	as long as short
Gate RUNE_USDTshort	+0.0100%	8h	0.6579	−0.237%	$676K	$316K	50x
MEXC RUNE_USDT	+0.0100%	8h	0.6574	−0.313%	$3.7M	$2.1M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6573	−0.328%	$913K	$220K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RUNEUSDT	+0.0100%	8h	0.6600	+0.082%	$1.6M	$604K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6582	−0.191%	—	$59.1M	—	as long as short
Variational Omni RUNElong	+0.0100%	8h	0.6595	long leg	$130K	$8K	—
Extended RUNE-USD	+0.0104%	1h	0.6584	−0.153%	$4K	$165K	10x	as long as short
Kraken Futures PF_RUNEUSD	+0.0594%	1h	0.6617	+0.339%	$195K	$233K	20x	as long as short
Hyperliquid RUNE	+0.0713%	1h	0.6588	−0.099%	$1.8M	$954K	5x	as long as short