Funding arb · Price arb /

RUNE

all RUNE markets

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: KuCoin against Variational Omni−0.156%7-day average +0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.156%, 7d avg +0.019%

Together, before fees−0.008%+ Points / potential airdropVariational Omni: Active · farm board−$1 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: KuCoin is 0.175% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RUNE	0.6586	0.0100	pay 0.0100% / 8h	7h 05m	$157K	$34K	—
Short	KuCoin RUNEUSDTM	0.6576	0.0100	get 0.0100% / 8h	7h 05m	$926K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → +0.019%: −$17.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.49
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; KuCoin: live order book, 49 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, 4 min ago	7.61 bp	doesn't fit	60.9 bp −$609	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	9.06 bp	53.4 bp −$53	191.2 bp −$1,912	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	−0.0206%	1h	0.6574	−0.186%	—	—	10x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−6.548%	$7	$14	12x	as long as short
Coinbase International RUNE-PERP-INTX	+0.0056%	1h	0.6632	+0.694%	$39K	$32K	25x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6568	−0.281%	$5.2M	$13.3M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6572	−0.217%	$3.0M	$2.2M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6580	−0.095%	$663K	$357K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6569	−0.262%	$3.2M	$2.5M	125x	as long as short
KuCoin RUNEUSDTMshort	+0.0100%	8h	0.6576	−0.156%	$926K	$255K	50x
Bitget RUNEUSDT	+0.0100%	8h	0.6581	−0.080%	$1.6M	$661K	50x	as long as short
BingX RUNE-USDT	+0.0100%	8h	0.6574	−0.186%	—	$58.9M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni RUNElong	+0.0100%	8h	0.6586	long leg	$157K	$34K	—
BloFin RUNE-USDT	+0.0102%	8h	0.6584	−0.035%	$480K	$192K	75x	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6572	−0.214%	$4K	$169K	10x	as long as short
Kraken Futures PF_RUNEUSD	+0.0597%	1h	0.6581	−0.084%	$195K	$248K	20x	as long as short
dYdX RUNE-USD	+0.0721%	1h	0.6579	−0.114%	$56K	$5K	5x	as long as short
Hyperliquid RUNE	+0.1234%	1h	0.6590	+0.055%	$1.8M	$1.0M	5x	as long as short