Funding you earn now, next payment 02:00 UTC+0.1654%/8h= +181.1% APRpaid last 24h +0.052%
Price spread now: Kraken Futures against KuCoin−0.026%7-day average +0.212% · you buy dearer than you sell
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2432.431% of the position
Funding, last 7 days−0.589%−$59 on $10k
+Price spread, last 3 days (all we have)+0.319%+$32 · spread now −0.026%, 7d avg +0.212%
=Funding pays, the price is against you. Kraken Futures is 0.238% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.212%). If the spread goes back, that is −$24 on $10k: about 12 hours of funding at the current rate (+$50 a day). Mind the row above: over the last 7 days funding on this pair cost −0.589%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.589% in total (about -30.7% 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 | KuCoin RUNEUSDTM | 0.6368 | 0.0100 | pay 0.0100% / 8h | 6h 41m | $901K | $287K | 50x |
| Short | Kraken Futures PF_RUNEUSD | 0.6366 | 0.1754 | get 0.0219% / 1h | 41m 46s | $183K | $274K | 20x |
KuCoin RUNEUSDTM
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $347.39
- Price spread: −0.026% → +0.212%
- −$23.81
- Slippage, 4 orders
- −$221.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $80.49
- Costs to cover
- 2.431%
- Break-even
- 5.4 days
Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: 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 KuCoin live order book, 8 min ago | 5.35 bp | 101.7 bp −$102 | 445.7 bp −$4,457 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 26 min ago | 12.85 bp | 23.2 bp −$23 | 499.9 bp −$4,999 | 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 | 0.0000% | 1h | 0.6363 | −0.079% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.345% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6368 | +0.005% | $5.0M | $14.4M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6371 | +0.047% | $2.9M | $2.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6376 | +0.126% | $642K | $359K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6368 | 0.000% | $3.7M | $3.1M | 125x | as long as short |
| KuCoin RUNEUSDTMlong | +0.0100% | 8h | 0.6368 | long leg | $901K | $287K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6375 | +0.110% | $1.6M | $726K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6375 | +0.110% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6415 | +0.730% | $156K | $37K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
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 | 0.6361 | −0.102% | $4K | $165K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6566 | +3.109% | $39K | $32K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0127% | 8h | 0.6537 | +2.654% | $478K | $193K | 75x | as long as short |
| dYdX RUNE-USD | +0.0743% | 1h | 0.6379 | +0.173% | $54K | $5K | 5x | as long as short |
| Hyperliquid RUNE | +0.0818% | 1h | 0.6371 | +0.041% | $1.7M | $1.0M | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.1754% | 1h | 0.6366 | −0.026% | $183K | $274K | 20x |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
dYdX RUNE-USD
Hyperliquid RUNE