Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Binance−0.141%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$680.683% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)−0.045%−$5 · spread now −0.141%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.165% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RUNEUSDT | 0.6395 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $4.7M | $9.7M | 75x |
| Short | BloFin RUNE-USDT | 0.6386 | 0.0073 | get 0.0073% / 8h | 2h 31m | $446K | $150K | 75x |
Binance RUNEUSDT
BloFin RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.76
- Price spread: −0.141% → +0.024%
- −$16.48
- Slippage, 4 orders
- −$46.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$90.56
- Costs to cover
- 0.683%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 54 min ago.
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 Binance live order book, 9 min ago | 1.57 bp | 19.2 bp −$19 | 67.0 bp −$670 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 6.32 bp | 13.5 bp −$14 | 36.5 bp −$365 | 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 | −0.1000% | 1h | 0.6394 | −0.016% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.753% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDTshort | +0.0073% | 8h | 0.6386 | −0.141% | $446K | $150K | 75x | |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6395 | long leg | $4.7M | $9.7M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6393 | −0.032% | $2.7M | $1.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6390 | −0.078% | $658K | $290K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6394 | −0.016% | $2.7M | $1.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6387 | −0.125% | $911K | $190K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6398 | +0.047% | $1.6M | $467K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6389 | −0.094% | — | $59.0M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6389 | −0.090% | $126K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6394 | −0.013% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNE | +0.0366% | 1h | 0.6401 | +0.098% | $1.7M | $857K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0368% | 1h | 0.6406 | +0.172% | $38K | $16K | 25x | as long as short |
| dYdX RUNE-USD | +0.1505% | 1h | 0.6382 | −0.208% | $54K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.2398% | 1h | 0.6408 | +0.196% | $177K | $214K | 20x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Hyperliquid RUNE
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Kraken Futures PF_RUNEUSD