Funding you earn now, next payment 03:00 UTC−0.1972%/8h= −216.0% APRpaid last 24h −0.074%
Price spread now: Binance against Kraken Futures−0.038%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1771.769% of the position
Funding, last 7 days+0.501%+$50 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.038%, 7d avg −0.186%
=The price spread pays, funding is against you. Binance is 0.148% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.186%): +$15 on $10k if it goes back. Holding the pair costs −$59 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.501%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.501% in total (about 26.1% 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 | Kraken Futures PF_RUNEUSD | 0.6314 | 0.2072 | pay 0.0259% / 1h | 34m 14s | $180K | $286K | 20x |
| Short | Binance RUNEUSDT | 0.6312 | 0.0100 | get 0.0100% / 8h | 5h 34m | $4.8M | $15.3M | 75x |
Kraken Futures PF_RUNEUSD
Binance RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$414.18
- Price spread: −0.038% → −0.186%
- $14.77
- Slippage, 4 orders
- −$156.95
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$576.36
- Costs to cover
- 1.769%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 28 min ago; Binance: live order book, 6 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 Kraken Futures live order book, 28 min ago | 46.63 bp | 80.0 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.59 bp | 22.4 bp −$22 | 81.6 bp −$816 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.525% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDTshort | +0.0100% | 8h | 0.6312 | −0.038% | $4.8M | $15.3M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6310 | −0.070% | $2.8M | $2.8M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6311 | −0.054% | $626K | $372K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6311 | −0.054% | $3.6M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6307 | −0.117% | $909K | $329K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6320 | +0.088% | $1.5M | $761K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6310 | −0.070% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6309 | −0.081% | $185K | $67K | — | as long as short |
| BloFin RUNE-USDT | +0.0100% | 8h | 0.6309 | −0.086% | $443K | $191K | 75x | 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
BloFin RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6310 | −0.070% | $4K | $164K | 10x | as long as short |
| dYdX RUNE-USD | +0.0188% | 1h | 0.6307 | −0.112% | $27K | $32K | 5x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0226% | 1h | 0.6312 | −0.038% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0504% | 1h | 0.6326 | +0.184% | $37K | $31K | 25x | as long as short |
| Hyperliquid RUNE | +0.1516% | 1h | 0.6328 | +0.212% | $1.7M | $1.0M | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.2072% | 1h | 0.6314 | long leg | $180K | $286K | 20x |
Extended RUNE-USD
dYdX RUNE-USD
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE