Funding you earn now, next payment 01:00 UTC−0.0495%/8h= −54.2% APRpaid last 24h −0.041%
Price spread now: KuCoin against Kraken Futures−0.293%7-day average −0.209% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2062.060% of the position
Funding, last 7 days+0.599%+$60 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.293%, 7d avg −0.209%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.084% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.209%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.599%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RUNEUSD | 0.6608 | 0.0595 | pay 0.0074% / 1h | 27m 52s | $196K | $239K | 20x |
| Short | KuCoin RUNEUSDTM | 0.6589 | 0.0100 | get 0.0100% / 8h | 7h 27m | $928K | $239K | 50x |
Kraken Futures PF_RUNEUSD
KuCoin RUNEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$103.9
- Price spread: −0.293% → −0.209%
- −$8.39
- Slippage, 4 orders
- −$184.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$318.33
- Costs to cover
- 2.060%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 45 min ago; KuCoin: live order book, 26 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, 45 min ago | 11.58 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 26 min ago | 9.06 bp | 53.4 bp −$53 | 191.2 bp −$1,912 | 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 | −0.0053% | 1h | 0.6591 | −0.263% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −6.860% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6622 | +0.206% | $39K | $32K | 25x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6609 | +0.011% | $5.2M | $12.7M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6610 | +0.025% | $3.0M | $2.1M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6600 | −0.126% | $666K | $347K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6605 | −0.051% | $3.5M | $2.5M | 125x | as long as short |
| KuCoin RUNEUSDTMshort | +0.0100% | 8h | 0.6589 | −0.293% | $928K | $239K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6622 | +0.206% | $1.6M | $633K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6600 | −0.126% | — | $59.0M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
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 | 0.6599 | −0.134% | $130K | $7K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6590 | −0.271% | $4K | $167K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0125% | 8h | 0.6559 | −0.747% | $479K | $187K | 75x | as long as short |
| dYdX RUNE-USD | +0.0487% | 1h | 0.6569 | −0.588% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0595% | 1h | 0.6608 | long leg | $196K | $239K | 20x | |
| Hyperliquid RUNE | +0.1028% | 1h | 0.6627 | +0.287% | $1.8M | $970K | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
dYdX RUNE-USD
Hyperliquid RUNE