Funding you earn now, next payment 21:00 UTC+0.1816%/8h= +198.9% APRpaid last 24h −0.045%
Price spread now: Kraken Futures against Binance+0.160%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1491.485% of the position
Funding, last 7 days−0.640%−$64 on $10k
+Price spread, last 3 days (all we have)−0.242%−$24 · spread now +0.160%, 7d avg +0.165%
=The price spread sits at its 7-day average of +0.165%, so right now this pair is about funding alone: +$54 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.640%, 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 -0.640% in total (about -33.4% 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 | Binance RUNEUSDT | 0.6364 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $4.7M | $9.3M | 75x |
| Short | Kraken Futures PF_RUNEUSD | 0.6374 | 0.1916 | get 0.0240% / 1h | 30m 28s | $176K | $223K | 20x |
Binance RUNEUSDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $381.4
- Price spread: +0.160% → +0.165%
- −$0.5
- Slippage, 4 orders
- −$128.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $232.36
- Costs to cover
- 1.485%
- Break-even
- 2.7 days
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 17 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 Binance live order book, 14 min ago | 1.58 bp | 17.0 bp −$17 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 36.15 bp | 59.0 bp −$59 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | −0.0693% | 1h | 0.6356 | −0.126% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.284% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6364 | long leg | $4.7M | $9.3M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6360 | −0.063% | $2.7M | $1.4M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6357 | −0.110% | $654K | $283K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6360 | −0.063% | $2.6M | $1.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6357 | −0.110% | $907K | $189K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6370 | +0.094% | $1.5M | $446K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6353 | −0.173% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6346 | −0.276% | $125K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
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 | 0.6359 | −0.078% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0105% | 8h | 0.6361 | −0.047% | $454K | $126K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0320% | 1h | 0.6401 | +0.582% | $38K | $16K | 25x | as long as short |
| Hyperliquid RUNE | +0.1212% | 1h | 0.6369 | +0.085% | $1.7M | $837K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.1916% | 1h | 0.6374 | +0.160% | $176K | $223K | 20x | |
| dYdX RUNE-USD | +0.2186% | 1h | 0.6352 | −0.183% | $54K | $4K | 5x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE
dYdX RUNE-USD