Funding you earn now, next payment 02:00 UTC+0.1657%/8h= +181.5% APRpaid last 24h +0.052%
Price spread now: Kraken Futures against Binance+0.153%7-day average +0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
Funding, last 7 days−0.526%−$53 on $10k
+Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.153%, 7d avg +0.185%
=Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against Binance than usual: you would sell low and buy high (spread +0.153% now, against its 7-day average of +0.185%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$50 a day). Mind the row above: over the last 7 days funding on this pair cost −0.526%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.526% in total (about -27.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RUNEUSDT | 0.6345 | 0.0100 | pay 0.0100% / 8h | 6h 23m | $4.9M | $14.8M | 75x |
| Short | Kraken Futures PF_RUNEUSD | 0.6355 | 0.1757 | get 0.0220% / 1h | 23m 00s | $183K | $282K | 20x |
Binance RUNEUSDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $348.06
- Price spread: +0.153% → +0.185%
- −$3.23
- Slippage, 4 orders
- −$106.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $218.47
- Costs to cover
- 1.264%
- Break-even
- 2.6 days
Slippage from Binance: live order book, 3 min ago; Kraken Futures: live order book, 45 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, 3 min ago | 1.58 bp | 19.3 bp −$19 | 67.7 bp −$677 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 45 min ago | 12.85 bp | 23.2 bp −$23 | 499.9 bp −$4,999 | doesn't fit | doesn't fit |
RUNE on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.995% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6345 | long leg | $4.9M | $14.8M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6350 | +0.078% | $2.9M | $2.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6338 | −0.111% | $639K | $371K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6350 | +0.078% | $3.8M | $3.4M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6352 | +0.110% | $898K | $314K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6357 | +0.189% | $1.6M | $752K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6347 | +0.031% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6335 | −0.159% | $186K | $69K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6349 | +0.068% | $4K | $164K | 10x | as long as short |
Injective RUNE/USDC PERP
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6368 | +0.362% | $38K | $31K | 25x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0223% | 1h | 0.6339 | −0.095% | — | — | 10x | as long as short |
| dYdX RUNE-USD | +0.0671% | 1h | 0.6329 | −0.257% | $54K | $5K | 5x | as long as short |
| Hyperliquid RUNE | +0.0748% | 1h | 0.6355 | +0.159% | $1.7M | $1.1M | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.1757% | 1h | 0.6355 | +0.153% | $183K | $282K | 20x |
Coinbase International RUNE-PERP-INTX
Deribit RUNE_USDC-PERPETUAL
dYdX RUNE-USD
Hyperliquid RUNE