Funding you earn now, next payment 05:00 UTC−0.0855%/8h= −93.6% APRpaid last 24h −0.114%
Price spread now: Gate against Kraken Futures+0.051%7-day average −0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1801.796% of the position
Funding, last 7 days+0.537%+$54 on $10k
+Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.051%, 7d avg −0.114%
=The price spread pays, funding is against you. Gate is 0.165% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.114%): +$16 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.537%, 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 0.537% in total (about 28.0% 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 | 0.6325 | 0.0955 | pay 0.0119% / 1h | 9m 59s | $165K | $310K | 20x |
| Short | Gate RUNE_USDT | 0.6328 | 0.0100 | get 0.0100% / 8h | 3h 09m | $627K | $370K | 50x |
Kraken Futures PF_RUNEUSD
Gate RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$179.58
- Price spread: +0.051% → −0.114%
- $16.48
- Slippage, 4 orders
- −$154.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$342.73
- Costs to cover
- 1.796%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 43 min ago; Gate: live order book, 41 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, 43 min ago | 13.32 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 41 min ago | 3.14 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.685% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0067% | 1h | 0.6318 | −0.107% | — | — | 10x | as long as short |
| BloFin RUNE-USDT | +0.0072% | 8h | 0.6325 | +0.003% | $437K | $197K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6322 | −0.044% | $4.8M | $15.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6323 | −0.028% | $2.8M | $2.8M | 75x | as long as short |
| Gate RUNE_USDTshort | +0.0100% | 8h | 0.6328 | +0.051% | $627K | $370K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6322 | −0.044% | $3.4M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6323 | −0.028% | $975K | $361K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6332 | +0.114% | $1.5M | $775K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6327 | +0.035% | — | $58.9M | — | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6319 | −0.094% | $186K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6320 | −0.072% | $4K | $165K | 10x | as long as short |
| dYdX RUNE-USD | +0.0348% | 1h | 0.6326 | +0.025% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +1.110% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0955% | 1h | 0.6325 | long leg | $165K | $310K | 20x | |
| Hyperliquid RUNE | +0.1605% | 1h | 0.6328 | +0.057% | $1.8M | $1.1M | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE