Funding you earn now, next payment 08:00 UTC+0.0668%/8h= +73.2% APRpaid last 24h +0.149%
Price spread now: Kraken Futures against BingX−0.035%7-day average +0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1211.211% of the position
Funding, last 7 days−0.486%−$49 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.035%, 7d avg +0.140%
=Funding pays, the price is against you. Kraken Futures is 0.175% cheaper against BingX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.140%). If the spread goes back, that is −$18 on $10k: about 21 hours of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −0.486%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RUNE-USDT | 0.6382 | 0.0101 | pay 0.0101% / 8h | 35m 16s | — | $58.7M | — |
| Short | Kraken Futures PF_RUNEUSD | 0.6380 | 0.0769 | get 0.0096% / 1h | 35m 16s | $148K | $321K | 20x |
BingX RUNE-USDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $140.31
- Price spread: −0.035% → +0.140%
- −$17.54
- Slippage, 4 orders
- −$101.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1.66
- Costs to cover
- 1.211%
- Break-even
- 6.9 days
Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 2 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 BingX live order book, 4 min ago | 3.91 bp | 20.0 bp −$20 | 47.1 bp −$471 | 321.5 bp −$32.2K | 455.1 bp −$227.5K |
| Sell Kraken Futures live order book, 2 min ago | 14.87 bp | 29.2 bp −$29 | 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 | 0.0000% | 1h | 0.6376 | −0.094% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.557% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0096% | 8h | 0.6377 | −0.078% | $439K | $209K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6375 | −0.109% | $5.0M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6377 | −0.078% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6384 | +0.031% | $664K | $389K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6374 | −0.125% | $3.9M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6382 | 0.000% | $989K | $363K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6386 | +0.063% | $1.6M | $771K | 50x | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6379 | −0.051% | $184K | $70K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDTlong | +0.0101% | 8h | 0.6382 | long leg | — | $58.7M | — | |
| Extended RUNE-USD | +0.0104% | 1h | 0.6373 | −0.137% | $4K | $206K | 10x | as long as short |
| dYdX RUNE-USD | +0.0195% | 1h | 0.6384 | +0.037% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0769% | 1h | 0.6380 | −0.035% | $148K | $321K | 20x | |
| Coinbase International RUNE-PERP-INTX | +0.1024% | 1h | 0.6430 | +0.752% | $37K | $29K | 25x | as long as short |
| Hyperliquid RUNE | +0.1447% | 1h | 0.6383 | +0.016% | $1.8M | $1.1M | 5x | as long as short |
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE