Funding you earn now, next payment 16:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.58 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against KuCoin−0.031%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1421.423% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.031%, 7d avg +0.063%
=Funding pays, the price is against you. BingX is 0.094% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.063%). If the spread goes back, that is −$9 on $10k: about 5.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.006% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RUNEUSDTM | 0.6414 | 0.0100 | pay 0.0100% / 8h | 7h 49m | $994K | $365K | 50x |
| Short | BingX RUNE-USDT | 0.6412 | 0.0158 | get 0.0158% / 8h | 7h 49m | — | $3.9M | — |
KuCoin RUNEUSDTM
BingX RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $12.18
- Price spread: −0.031% → +0.063%
- −$9.42
- Slippage, 4 orders
- −$120.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$139.5
- Costs to cover
- 1.423%
- Break-even
- 87.2 days
Slippage from KuCoin: live order book, 25 min ago; BingX: live order book, 19 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 KuCoin live order book, 25 min ago | 0.78 bp | 75.6 bp −$76 | 287.7 bp −$2,877 | doesn't fit | doesn't fit |
| Sell BingX live order book, 19 min ago | 4.69 bp | 17.7 bp −$18 | 49.9 bp −$499 | 358.8 bp −$35.9K | 509.1 bp −$254.6K |
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 | 0.6413 | −0.016% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.038% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6405 | −0.141% | $5.1M | $16.5M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6410 | −0.062% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6416 | +0.031% | $672K | $379K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6404 | −0.156% | $3.9M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTMlong | +0.0100% | 8h | 0.6414 | long leg | $994K | $365K | 50x | |
| Variational Omni RUNE | +0.0100% | 8h | 0.6417 | +0.046% | $185K | $70K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6402 | −0.187% | $4K | $212K | 10x | as long as short |
| dYdX RUNE-USD | +0.0127% | 1h | 0.6419 | +0.085% | $27K | $32K | 5x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDT | +0.0129% | 8h | 0.6421 | +0.109% | $327K | $211K | 75x | as long as short |
| BingX RUNE-USDTshort | +0.0158% | 8h | 0.6412 | −0.031% | — | $3.9M | — | |
| Bitget RUNEUSDT | +0.0161% | 8h | 0.6416 | +0.031% | $1.5M | $795K | 50x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.1160% | 1h | 0.6446 | +0.499% | $37K | $30K | 25x | as long as short |
| Hyperliquid RUNE | +0.1422% | 1h | 0.6416 | +0.030% | $1.8M | $1.2M | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1674% | 1h | 0.6420 | +0.098% | $150K | $313K | 20x | as long as short |
BloFin RUNE-USDT
Bitget RUNEUSDT
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE
Kraken Futures PF_RUNEUSD