Rune pickaxe

Rune Pickaxe is a free-to-play item on the OSRS Grand Exchange in the weapons category.

In-game examine text: "Used for mining."

It has a Grand Exchange buy limit of 40 every four hours, a high alchemy value of 19.2k gp, and item ID 1275.

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Rune Pickaxe currently has a flip margin of −347 gp, which isn't profitable to flip right now despite 51,494 trades over the last 24 hours.

Items with negative or zero margins like this are better watched than actively flipped until the spread widens.