Funding you earn now, next payment 06:00 UTC−0.0791%/8h= −86.6% APRnext payment −$0.99 per $10,000 · paid last 24h −0.085%
Price spread now: Injective against Kraken Futures−2.534%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Injective is 2.534% cheaper against Kraken Futures than usual: you would sell low and buy high (−$253 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.419%, 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 0.419% in total (about 21.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 per $10,000. 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 | 0.6315 | 0.0824 | pay 0.0103% / 1h | 14m 41s | $156K | $308K | 20x |
| Short | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | get 0.0004% / 1h | 14m 41s | $7 | $14 | 12x |
Kraken Futures PF_RUNEUSD
Injective RUNE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$166.13
- Price spread: −2.534% → 0.000%
- −$253.42
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$429.57
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 33 min ago; Injective: 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, 33 min ago | 12.66 bp | 30.4 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.6313 | −0.032% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERPshort | +0.0033% | 1h | 0.6155 | −2.534% | $7 | $14 | 12x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6313 | −0.032% | $4.8M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6310 | −0.080% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6314 | −0.016% | $626K | $368K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6312 | −0.048% | $3.4M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6317 | +0.031% | $972K | $364K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6323 | +0.126% | $1.5M | $783K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6312 | −0.048% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6307 | −0.120% | $185K | $67K | — | as long as short |
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 | 0.6309 | −0.095% | $6K | $153K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0112% | 8h | 0.6312 | −0.048% | $226K | $209K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6337 | +0.348% | $37K | $30K | 25x | as long as short |
| dYdX RUNE-USD | +0.0741% | 1h | 0.6298 | −0.274% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0824% | 1h | 0.6315 | long leg | $156K | $308K | 20x | |
| Hyperliquid RUNE | +0.1463% | 1h | 0.6314 | −0.018% | $1.8M | $1.2M | 5x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Hyperliquid RUNE