ArbiLayer

RUNE arbitrage

live

Live THORChain price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.06%Bybit → Gate · Perp–Perp
Best perp–perp spread+0.10%Bybit → Gate
Markets tracked138 venues · 8 perp · 5 spot · 0 DEX
Price range0.23%$0.7149 – $0.7165

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.7152Gate logoGate$0.7159 +0.10%-0.06% +0.11%— +0.029%— LS Chart →
Bybit logoBybit$0.7152KuCoin logoKuCoin$0.7157 +0.07%-0.09% +0.08%— +0.029%— LS Chart →
Binance logoBinance$0.7154Gate logoGate$0.7159 +0.07%-0.09% +0.08%— +0.027%— LS Chart →
Variational logoVariational$0.7154Gate logoGate$0.7159 +0.07%-0.09% +0.11%— +0.111%— LS Chart →
Bybit logoBybit$0.7152Bitget logoBitget$0.7156 +0.06%-0.10% +0.07%— +0.029%— LS Chart →
MEXC logoMEXC$0.7155Gate logoGate$0.7159 +0.06%-0.10% +0.06%— +0.026%— LS Chart →
Bybit logoBybit$0.7152Hyperliquid logoHyperliquid$0.7155 +0.04%-0.12% +0.04%— +0.029%— LS Chart →
Binance logoBinance$0.7154KuCoin logoKuCoin$0.7157 +0.04%-0.12% +0.05%— +0.027%— LS Chart →
Variational logoVariational$0.7154KuCoin logoKuCoin$0.7157 +0.04%-0.12% +0.08%— +0.111%— LS Chart →
Binance logoBinance$0.7154Bitget logoBitget$0.7156 +0.03%-0.13% +0.04%— +0.027%— LS Chart →
Variational logoVariational$0.7154Bitget logoBitget$0.7156 +0.03%-0.13% +0.06%— +0.111%— LS Chart →
MEXC logoMEXC$0.7155KuCoin logoKuCoin$0.7157 +0.03%-0.13% +0.04%— +0.026%— LS Chart →
Binance logoBinance$0.7154Hyperliquid logoHyperliquid$0.7155 +0.02%-0.14% +0.02%— +0.027%— LS Chart →
Variational logoVariational$0.7154Hyperliquid logoHyperliquid$0.7155 +0.02%-0.14% +0.04%— +0.111%— LS Chart →
Bybit logoBybit$0.7152Binance logoBinance$0.7153 +0.01%-0.15% +0.01%— +0.002%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

RUNE price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · RUNE_USDTPerpetual $0.7159$0.7163$0.7161+0.05% +0.030%$4.07M
Bybit logoBybitPerpetual · RUNEUSDTPerpetual $0.715$0.7152$0.7151-0.09% +0.001%$2.38M
Hyperliquid logoHyperliquidPerpetual · RUNEPerpetual $0.7155$0.7165$0.716+0.04% +0.030%$1.49M
Bitget logoBitgetPerpetual · RUNEUSDTPerpetual $0.7156$0.7159$0.71580.00% +0.030%$1.04M
MEXC logoMEXCPerpetual · RUNE_USDTPerpetual $0.7153$0.7155$0.7154-0.05% +0.004%$877.1K
KuCoin logoKuCoinPerpetual · RUNEUSDTMPerpetual $0.7157$0.7161$0.7159+0.02% +0.030%$394.9K
KuCoin logoKuCoinSpot · RUNE-USDTSpot $0.7159$0.7164$0.7162+0.06% —$340.0K
Bybit logoBybitSpot · RUNEUSDTSpot $0.7156$0.7159$0.71580.00% —$270.2K
Variational logoVariationalPerpetual · RUNEPerpetual $0.7143$0.7154$0.7149-0.13% -0.081%$185.3K
Gate logoGateSpot · RUNE_USDTSpot $0.7156$0.7166$0.7161+0.05% —$65.4K
Binance logoBinancePerpetual · RUNEUSDTPerpetual $0.7153$0.7154$0.7154-0.06% +0.003%—
Binance logoBinanceSpot · RUNEUSDTSpot $0.716$0.717$0.7165+0.10% ——
MEXC logoMEXCSpot · RUNEUSDTSpot $0.7152$0.716$0.7156-0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

RUNE arbitrage explained

Right now THORChain (RUNE) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.7152 and the highest bid on Binance spot at $0.716.

The widest RUNE perpetual spread is between Bybit and Gate: long RUNE on Bybit at $0.7152 and short on Gate at $0.7159 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.029% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best RUNE route is to buy spot on Bybit and short the perpetual on Gate: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot RUNE arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) shows +0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small RUNE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: RUNE funding rates · RUNE spread charts · THORChain price · arbitrage scanner for all coins.

Is there a RUNE arbitrage opportunity right now?

The best RUNE route right now is to buy on Bybit → sell on Gate (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest RUNE?

Bybit (perp) has the lowest RUNE ask at $0.7152, and Binance (spot) the highest bid at $0.716. Prices update every 15 seconds on this page.

How many exchanges list RUNE?

ArbiLayer tracks 13 RUNE markets on 8 venues: 8 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage RUNE without transferring coins?

Use two perpetual contracts: go long RUNE on the cheaper exchange (Bybit now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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