Funding you earn now, next payment 22:00 UTC+0.2293%/8h= +251.1% APRpaid last 24h −0.026%
Price spread now: Kraken Futures against Bybit+0.467%7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1841.837% of the position
Funding, last 7 days−0.636%−$64 on $10k
+Price spread, last 3 days (all we have)−0.369%−$37 · spread now +0.467%, 7d avg +0.172%
=Both sides work for this trade now. Funding pays +$69 a day on $10k at the current rate, and Kraken Futures is 0.295% dearer against Bybit than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.172%. Mind the row above: over the last 7 days funding on this pair cost −0.636%, 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 -0.636% in total (about -33.1% 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 | Bybit RUNEUSDT | 0.6391 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $2.7M | $1.5M | 75x |
| Short | Kraken Futures PF_RUNEUSD | 0.6421 | 0.2393 | get 0.0299% / 1h | 21m 35s | $177K | $214K | 20x |
Bybit RUNEUSDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $481.48
- Price spread: +0.467% → +0.172%
- $29.49
- Slippage, 4 orders
- −$162.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $327.24
- Costs to cover
- 1.837%
- Break-even
- 2.2 days
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Bybit live order book, 1 min ago | 5.47 bp | 39.5 bp −$39 | 71.2 bp −$712 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 35.81 bp | 51.4 bp −$51 | 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 | −0.1775% | 1h | 0.6406 | +0.235% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.693% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6391 | +0.001% | $4.7M | $9.8M | 75x | as long as short |
| Bybit RUNEUSDTlong | +0.0100% | 8h | 0.6391 | long leg | $2.7M | $1.5M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6402 | +0.172% | $659K | $291K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6392 | +0.016% | $3.1M | $1.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6402 | +0.172% | $913K | $190K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6398 | +0.110% | $1.6M | $470K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6394 | +0.047% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6401 | +0.161% | $126K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6391 | −0.007% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0124% | 8h | 0.6402 | +0.172% | $447K | $153K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0368% | 1h | 0.6425 | +0.532% | $38K | $16K | 25x | as long as short |
| Hyperliquid RUNE | +0.0414% | 1h | 0.6404 | +0.202% | $1.7M | $858K | 5x | as long as short |
| dYdX RUNE-USD | +0.1758% | 1h | 0.6398 | +0.113% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.2393% | 1h | 0.6421 | +0.467% | $177K | $214K | 20x |
Extended RUNE-USD
BloFin RUNE-USDT
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE
dYdX RUNE-USD