Funding you earn now, next payment 06:00 UTC−0.0701%/8h= −76.7% APRpaid last 24h −0.121%
Price spread now: BloFin against Kraken Futures+0.019%57s7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$950.945% of the position
Funding, last 7 days+0.447%+$45 on $10k
+Price spread, last 4 days (all we have)−0.458%−$46 · spread now +0.019%, 7d avg −0.153%
=The price spread pays, funding is against you. BloFin is 0.172% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.153%): +$17 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.447%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.447% in total (about 23.3% 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 | 0.6331 | 0.0822 | pay 0.0103% / 1h | 52m 00s | $162K | $312K | 20x |
| Short | BloFin RUNE-USDT | 0.6332 | 0.0122 | get 0.0122% / 8h | 2h 52m | $437K | $211K | 75x |
Kraken Futures PF_RUNEUSD
BloFin RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$147.15
- Price spread: +0.019% → −0.153%
- $17.19
- Slippage, 4 orders
- −$72.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$224.47
- Costs to cover
- 0.945%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 61 min ago; BloFin: live order book, 30 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, 61 min ago | 13.32 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 2.37 bp | 12.2 bp −$12 | 39.6 bp −$396 | 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 | −2.777% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0066% | 1h | 0.6328 | −0.045% | — | — | 10x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6325 | −0.092% | $4.8M | $16.0M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6325 | −0.092% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6329 | −0.029% | $627K | $365K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6325 | −0.092% | $3.5M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6329 | −0.029% | $976K | $363K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6338 | +0.113% | $1.5M | $777K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6324 | −0.108% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6327 | −0.054% | $186K | $67K | — | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Bybit 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 | 0.6321 | −0.148% | $4K | $154K | 10x | as long as short |
| BloFin RUNE-USDTshort | +0.0122% | 8h | 0.6332 | +0.019% | $437K | $211K | 75x | |
| dYdX RUNE-USD | +0.0531% | 1h | 0.6316 | −0.227% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6395 | +1.014% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0822% | 1h | 0.6331 | long leg | $162K | $312K | 20x | |
| Hyperliquid RUNE | +0.1643% | 1h | 0.6335 | +0.069% | $1.8M | $1.1M | 5x | as long as short |
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE