Funding you earn now, next payment 05:00 UTC−0.0849%/8h= −93.0% APRpaid last 24h −0.100%
Price spread now: Bybit against Kraken Futures−0.056%7-day average −0.184% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1161.155% of the position
Funding, last 7 days+0.498%+$50 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.056%, 7d avg −0.184%
=The price spread pays, funding is against you. Bybit is 0.128% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.184%): +$13 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.498%, 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 0.498% in total (about 26.0% 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 | 0.6365 | 0.0949 | pay 0.0119% / 1h | 57m 52s | $180K | $290K | 20x |
| Short | Bybit RUNEUSDT | 0.6361 | 0.0100 | get 0.0100% / 8h | 3h 57m | $2.9M | $2.8M | 75x |
Kraken Futures PF_RUNEUSD
Bybit RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$178.32
- Price spread: −0.056% → −0.184%
- $12.81
- Slippage, 4 orders
- −$94.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$281.02
- Costs to cover
- 1.155%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 60 min ago; Bybit: live order book, 4 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, 60 min ago | 11.04 bp | 25.0 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.15 bp | 33.9 bp −$34 | 65.7 bp −$657 | 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 | 0.0000% | 1h | 0.6358 | −0.103% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.292% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6364 | −0.016% | $4.9M | $15.8M | 75x | as long as short |
| Bybit RUNEUSDTshort | +0.0100% | 8h | 0.6361 | −0.056% | $2.9M | $2.8M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6369 | +0.070% | $631K | $367K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6362 | −0.040% | $3.5M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6358 | −0.103% | $913K | $336K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6361 | −0.056% | $1.6M | $783K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6366 | +0.023% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6357 | −0.120% | $187K | $67K | — | 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 | 0.6359 | −0.089% | $8K | $169K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0110% | 8h | 0.6349 | −0.244% | $440K | $195K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6076 | −4.534% | $36K | $29K | 25x | as long as short |
| dYdX RUNE-USD | +0.0742% | 1h | 0.6352 | −0.198% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0949% | 1h | 0.6365 | long leg | $180K | $290K | 20x | |
| Hyperliquid RUNE | +0.1591% | 1h | 0.6376 | +0.180% | $1.8M | $1.1M | 5x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Hyperliquid RUNE