RUNE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.039%

Price spread now: Coinbase International against Kraken Futures+0.940%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.940% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.940% now, against zero (this spread has no 7-day history yet)): +$94 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RUNEUSD	0.6322	0.0992	pay 0.0124% / 1h	44m 38s	$180K	$286K	20x
Short	Coinbase International RUNE-PERP-INTX	0.6381	0.0680	get 0.0085% / 1h	44m 38s	$37K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.940%Rate

Funding earned: −$65.56
Price spread: +0.940% → 0.000%: $94.01
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $8.45
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 13 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 13 min ago	11.04 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.6323	+0.023%	—	—	10x	as long as short
dYdX RUNE-USD	+0.0003%	1h	0.6324	+0.045%	$27K	$32K	5x	as long as short
Injective RUNE/USDC PERP	+0.0033%	1h	0.6155	−2.635%	$7	$14	12x	as long as short
BloFin RUNE-USDT	+0.0097%	8h	0.6322	+0.007%	$446K	$193K	75x	as long as short
Binance RUNEUSDT	+0.0100%	8h	0.6325	+0.051%	$4.8M	$15.6M	75x	as long as short
Bybit RUNEUSDT	+0.0100%	8h	0.6328	+0.102%	$2.8M	$2.8M	75x	as long as short
Gate RUNE_USDT	+0.0100%	8h	0.6328	+0.102%	$627K	$366K	50x	as long as short
MEXC RUNE_USDT	+0.0100%	8h	0.6320	−0.025%	$3.5M	$3.5M	125x	as long as short
KuCoin RUNEUSDTM	+0.0100%	8h	0.6325	+0.054%	$909K	$333K	50x	as long as short
Bitget RUNEUSDT	+0.0100%	8h	0.6329	+0.117%	$1.5M	$774K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RUNE-USDT	+0.0100%	8h	0.6326	+0.070%	—	$59.0M	—	as long as short
Variational Omni RUNE	+0.0100%	8h	0.6320	−0.028%	$186K	$67K	—	as long as short
Extended RUNE-USD	+0.0104%	1h	0.6319	−0.046%	$4K	$164K	10x	as long as short
Coinbase International RUNE-PERP-INTXshort	+0.0680%	1h	0.6381	+0.940%	$37K	$30K	25x
Kraken Futures PF_RUNEUSDlong	+0.0992%	1h	0.6322	long leg	$180K	$286K	20x
Hyperliquid RUNE	+0.1678%	1h	0.6331	+0.155%	$1.7M	$1.0M	5x	as long as short