Funding you earn now, next payment 00:00 UTC+0.1588%/8h= +173.9% APRpaid last 24h +0.026%
Price spread now: Kraken Futures against Bitget+0.231%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1211.212% of the position
Funding, last 7 days−0.626%−$63 on $10k
+Price spread, last 3 days (all we have)+0.094%+$9 · spread now +0.231%, 7d avg +0.122%
=Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Kraken Futures is 0.108% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.122%. Mind the row above: over the last 7 days funding on this pair cost −0.626%, 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 -0.626% in total (about -32.6% 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 | Bitget RUNEUSDT | 0.6436 | 0.0100 | pay 0.0100% / 8h | 53m 40s | $1.6M | $532K | 50x |
| Short | Kraken Futures PF_RUNEUSD | 0.6451 | 0.1688 | get 0.0211% / 1h | 53m 40s | $190K | $229K | 20x |
Bitget RUNEUSDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $333.57
- Price spread: +0.231% → +0.122%
- $10.83
- Slippage, 4 orders
- −$99.17
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $223.23
- Costs to cover
- 1.212%
- Break-even
- 2.3 days
Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 24 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 Bitget live order book, 3 min ago | 4.66 bp | 34.1 bp −$34 | 118.9 bp −$1,189 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 24 min ago | 11.67 bp | 25.9 bp −$26 | doesn't fit | 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 | −0.0833% | 1h | 0.6456 | +0.311% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0024% | 1h | 0.6453 | +0.264% | $37K | $18K | 25x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.366% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0073% | 8h | 0.6440 | +0.062% | $451K | $160K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6430 | −0.086% | $4.8M | $10.7M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6435 | −0.016% | $2.7M | $1.7M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6441 | +0.078% | $664K | $310K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6430 | −0.093% | $3.4M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6442 | +0.093% | $907K | $208K | 50x | as long as short |
| Bitget RUNEUSDTlong | +0.0100% | 8h | 0.6436 | long leg | $1.6M | $532K | 50x |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0100% | 8h | 0.6434 | −0.031% | — | $59.2M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6418 | −0.278% | $127K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6429 | −0.106% | $4K | $170K | 10x | as long as short |
| Hyperliquid RUNE | +0.0724% | 1h | 0.6453 | +0.272% | $1.7M | $897K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.1688% | 1h | 0.6451 | +0.231% | $190K | $229K | 20x | |
| dYdX RUNE-USD | +0.1776% | 1h | 0.6451 | +0.234% | $55K | $4K | 5x | as long as short |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
Hyperliquid RUNE
dYdX RUNE-USD