ArbiLayer

RUNE arbitrage

live

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

Best net spread-0.02%Binance → Gate · Perp–Perp
Best perp–perp spread+0.14%Binance → Gate
Markets tracked138 venues · 8 perp · 5 spot · 0 DEX
Price range0.22%$0.7327 – $0.7343

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
MEXC logoMEXCspot$0.7332KuCoin logoKuCoinspot$0.7335 +0.04%-0.16% +0.04%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.7332Bybit logoBybitspot$0.7334 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.7332Gate logoGatespot$0.7334 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.7332Binance logoBinancespot$0.733 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$0.7338KuCoin logoKuCoinspot$0.7335 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bybit logoBybitspot$0.7338Gate logoGatespot$0.7334 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
Binance logoBinancespot$0.734KuCoin logoKuCoinspot$0.7335 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
Binance logoBinancespot$0.734Bybit logoBybitspot$0.7334 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Binance logoBinancespot$0.734Gate logoGatespot$0.7334 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.7341Bybit logoBybitspot$0.7334 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.7341Gate logoGatespot$0.7334 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
Bybit logoBybitspot$0.7338Binance logoBinancespot$0.733 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
Gate logoGatespot$0.7345KuCoin logoKuCoinspot$0.7335 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
Gate logoGatespot$0.7345Bybit logoBybitspot$0.7334 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.7341Binance logoBinancespot$0.733 -0.15%-0.35% -0.15%— 0.000%— 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 $0.7341$0.7345$0.7343+0.11% +0.030%$3.88M
Bybit logoBybitPerpetual · RUNEUSDTPerpetual $0.7329$0.7332$0.7331-0.06% +0.020%$2.28M
Hyperliquid logoHyperliquidPerpetual · RUNEPerpetual $0.7335$0.7348$0.7341+0.08% +0.030%$1.17M
Bitget logoBitgetPerpetual · RUNEUSDTPerpetual $0.7334$0.7337$0.7336+0.01% +0.030%$903.7K
MEXC logoMEXCPerpetual · RUNE_USDTPerpetual $0.7329$0.7332$0.7331-0.06% -0.020%$794.8K
KuCoin logoKuCoinPerpetual · RUNEUSDTMPerpetual $0.7331$0.7339$0.73350.00% +0.030%$338.4K
KuCoin logoKuCoinSpot · RUNE-USDTSpot $0.7335$0.7341$0.7338+0.04% —$328.4K
Bybit logoBybitSpot · RUNEUSDTSpot $0.7334$0.7338$0.7336+0.01% —$214.6K
Variational logoVariationalPerpetual · RUNEPerpetual $0.7322$0.7331$0.7327-0.12% -0.078%$197.4K
Gate logoGateSpot · RUNE_USDTSpot $0.7334$0.7345$0.734+0.06% —$55.3K
Binance logoBinancePerpetual · RUNEUSDTPerpetual $0.7329$0.7331$0.733-0.07% -0.020%—
Binance logoBinanceSpot · RUNEUSDTSpot $0.733$0.734$0.73350.00% ——
MEXC logoMEXCSpot · RUNEUSDTSpot $0.7321$0.7332$0.7327-0.12% ——
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 Variational perp at $0.7331 and the highest bid on Gate perp at $0.7341.

The widest RUNE perpetual spread is between Binance and Gate: long RUNE on Binance at $0.7331 and short on Gate at $0.7341 for +0.14% gross, or -0.02% 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 +0.050% 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 MEXC and short the perpetual on Gate: +0.12% gross, -0.08% net, with +0.030% a day of funding on the short leg.

Spot–spot RUNE arbitrage (buy on MEXC, withdraw, deposit and sell on KuCoin) shows +0.04% 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 Binance → sell on Gate (Perp–Perp): +0.14% gross and -0.02% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest RUNE?

Variational (perp) has the lowest RUNE ask at $0.7331, and Gate (perp) the highest bid at $0.7341. 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 (Binance 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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